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2. Bird Co. acquires 3373% interest in Tweetie Co., a separate vehicle established in a joint arrangement, for an investment of P1,000,000. Bird Co. determines

2. Bird Co. acquires 3373% interest in Tweetie Co., a separate vehicle established in a joint arrangement, for an investment of P1,000,000. Bird Co. determines that it has joint control over Tweetie and its interest relates to rights over Tweetie's net assets. Tweetie reports loss of P720,000. Requirement: Compute for the year-end carrying amount of Birds's investment in Tweetie

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