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1. GOLD CO. AND SILVER CO. are joint operators in developing SUPER PRINTER, a printing equipment. Each joint operator retains control over the assets it
1. GOLD CO. AND SILVER CO. are joint operators in developing SUPER PRINTER, a printing equipment. Each joint operator retains control over the assets it has contributed to the joint operation and shares equally in the profits and losses of the joint operation . During the year , GOLD Co. earns a revenue of P8M from its own operations . Sales of SUPER PRINTER amounts to P2,750,000. How much total revenue shall be reported in GOLD Co.'s statement of profit or loss for the year?
a. P10,750,000
b. P9,375,000
c. P5,375,000
d. P9,750,000
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