A Co. and B Co. are joint venturers of C.Co, a producer of high tech machinery. A and B, each have 50% interest in the net assets of C. During the year, A earns revenue of P1,000,000 from its own operations while B reports revenue of P400,000. How much total revenue shall be reported in A Co.'s statement of profit or loss for the year? * Your answer

A Co. and B Co. are joint venturers of C.Co, a producer of high tech machinery. A and B, each have 50% interest in the net assets of C. During the year, A earns revenue of P1,000,000 from its own operations while B reports revenue of P400,000. How much total revenue shall be reported in A Co.'s statement of profit or loss for the year? * Your answer

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter13: Comparative Forms Of Doing Business

Section: Chapter Questions

Problem 36P

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