ANSWER WITH SOLUTION

Question 15 1 pts On January 1, 2016. Put acquired Boot Shey outstanding onlinary stures for 950.000 Patie the cost method to record the intentcont. The statement ct financial position car and Shey on December 31, 200 resowe Paz Shey Cash Accounts receivables 2.500.000 1.000.000 500.000 250.000 800.000 200.000 triventory livestment in Shey 950.000 - Land 2.000.000 - Building-net 1.200.000 Balment-net Total Current liabilities Ordinary shares 600.000 500.000 8.550.000 1.950,000 750.000 500.000 2.000.000 650,000 500.000 200.000 4300.000 700,000 8.550.000 1.950.000 Share premium Retained earnings Total On January 1, 205, the ants and abilities at book value of Shey aproximates its air value except for the inventory and equipment which is undervalued by P50,000 and P20,000, respectedly the element has a romaining ustul life of 5 years. Pa measures the NC ut proportionate share basis Os December 2015. Pat reported net income of P1.000.000 and paid olvidends at PRO.000 while they reported ruit income of .000 and paid divident of P0.000 What is the armount of consolidated outs on December 31, 2015? 300.000 9.366.000 9.410.000 Question 15 1 pts On January 1, 2016. Put acquired Boot Shey outstanding onlinary stures for 950.000 Patie the cost method to record the intentcont. The statement ct financial position car and Shey on December 31, 200 resowe Paz Shey Cash Accounts receivables 2.500.000 1.000.000 500.000 250.000 800.000 200.000 triventory livestment in Shey 950.000 - Land 2.000.000 - Building-net 1.200.000 Balment-net Total Current liabilities Ordinary shares 600.000 500.000 8.550.000 1.950,000 750.000 500.000 2.000.000 650,000 500.000 200.000 4300.000 700,000 8.550.000 1.950.000 Share premium Retained earnings Total On January 1, 205, the ants and abilities at book value of Shey aproximates its air value except for the inventory and equipment which is undervalued by P50,000 and P20,000, respectedly the element has a romaining ustul life of 5 years. Pa measures the NC ut proportionate share basis Os December 2015. Pat reported net income of P1.000.000 and paid olvidends at PRO.000 while they reported ruit income of .000 and paid divident of P0.000 What is the armount of consolidated outs on December 31, 2015? 300.000 9.366.000 9.410.000