— < = ember 31, 2019 Ccamyiag aroun of investent, De ue (Question 2 Answer B CCanying amount of investment, December 31,2019 20994 ‘Share in net icame fom anus | to June 30,2020 (30% 1,000,000) 30 Ccemying anount of investnent, June 30,2020 23500% Question 3 Anower 6 Sule pice Conf ivesinen sold (2,390,000) Gain rom le fnvestent Fair value Jy 12020 CCerying mount of retained iavestment Gai fom eesurement Fair value December 31,2020 Fairvaue July 12020 Unreaied gun on Fane acet ‘The unestized grin of P400 00's reported inthe income tate for 2020 because the retsned investment is accounted for as Sinancial asset afar value trough profit or lass, as om le tint 3aseot sin from reneasuremest 00 Unvented pine fe at ‘ona ‘Gath ividend on October 12020154 x 1,000,000) 15002 ave in net income up to Jane 30,9096 300,000 ol income for 29 soa problem 38 (IFRS) ee ctnsy es of an associate far Pe, Soph Sevan laieofbremar yen ee le Ananalyss ofthe ecquiston she tat goodwilof P0000 was acquired Teasocint reporoltiefolowigatinve oor 20 2020 Netincome “ica toa Dividend paid ieee ones InDecember 2019, th ascites inven to Haven Company for P900,000 Theos ofthe aveatry was POD 00. ‘Thisiaventor remained unsold Hive Company oa December 1, 2019. However twas sod by Haven Company naa, InDesembe 2020,the soit soloveatn wo Haven Company {brP 750,00. The cot oft inentay was 00000, ‘Thisinvetoryemsind sold Haven Company on Dezember, 2m. 1. What amount shold beeps iavesmentincome for 2019? 600000 ®. $40000 50,000 & 648000 2. Whatamount shouldbe reported sinvestmenncome for 2020? 2. 360,000 800,000, ©. 810,000 4. 730,000 ; 3. Whats te ing out of everett December 31,30 6,000,000, . 63850,000