ten 383 (AICEA Ada ee company acgied 10% ot On January 1, 2010, Meee Penny Company fr P4,000 0 er ced reno ne atm ay er say cna 0 es pit eas rae si en nein cn os ala Se ones otsnding ordiry share ee matootna ey stmt cay ao Th Th faa any, 2000 as P6000 certeyerended December 3, 20194042020, he venue ‘ported following: 2019 am Dividend pid 2.000.000 30max0 Nevins Spo0.000 ésimic, What smount should be reported as investment incomein 20192 1. 200,000, '. 400,000, 600,000 4 300,000, 2. What amount should be reported as investment income ia 2020? 1 a. 1,300,000 . 1,950,000 ©. 1000;000 44. 1,900,000 3. Whats the carrying amount ofthe investment in associat ‘on December 31, 20207 a 16,000,000 . 17,050;000 ©. 15,050,000 16,700,000 as Solution 38-3 (Question I Answer a Javeseat come fr 219 eu ote dvd reed i 08 (anata cae Question? Aner lawestentinome 2806x6040 geno ‘Tee investor shinee ftenedeia 020 ome sheequiy mebodisapicd agian PO Qestion | Ansvers Faicvalof 18 ne Co Costin tee sain Tot co of een - eset Sey 1200 econ Ioesnct coon 38 Ganon Shae incahdvdenor120 Gomstomne) oat) arying aout ~ Decne 31,209 150000 ‘Note that there isn exces of cost over cami amount because the Jair value ofthe net eset of he imestenequaledcarying mow 4s