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On October 1, 2021, YOU Inc., purchased a piece of land costing P1,000,000 from LOVE Company for P1,500,000. On the other hand, on July 1,
On October 1, 2021, YOU Inc., purchased a piece of land costing P1,000,000 from LOVE Company for P1,500,000. On the other hand, on July 1, 2021, YOU inc., sold an e with a carrying value of P60,000 and remaining life of 3 years to LOVE Company for P42,000. Separate Statement of Comprehensive Income for the two companies for the year 2021 as follows: Compute the following amounts for/as of December 31, 2021: 1. Consolidated Gross Profit 2. Consolidated Net Income attributable to parent 3. Non-controlling interest (NCl) in Net Income On October 1, 2021, YOU Inc., purchased a piece of land costing P1,000,000 from LOVE Company for P1,500,000. On the other hand, on July 1, 2021, YOU inc., sold an e with a carrying value of P60,000 and remaining life of 3 years to LOVE Company for P42,000. Separate Statement of Comprehensive Income for the two companies for the year 2021 as follows: Compute the following amounts for/as of December 31, 2021: 1. Consolidated Gross Profit 2. Consolidated Net Income attributable to parent 3. Non-controlling interest (NCl) in Net Income
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The Effect Of The Internal Auditing On Financial Performance
Authors: Shakir Al Ghalayini, Mohammed A. Keshta, Thabet M. Hassan
1st Edition
3656943052, 978-3656943051
