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ABC Co. and XZY Corp.are joint operators in the development of DDD, an internet provider. Each join operator retains control over the assets contributed to
ABC Co. and XZY Corp.are joint operators in the development of DDD, an internet provider. Each join operator retains control over the assets contributed to the joint operation and share equally in the profits and losses of the join operation. During the year. ABC Co. earns revenue of P1,000,000 from its own operation Sales of DDD amount to P800,000. How much total revenue shall be reported in ABC Co.'s statement of profit or loss or the year? 1,000,000 1,200,000 0 1,400,000 1,500,000
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