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Requirements 1. How much is the consolidated net income for 2022? 2. How much is the consolidated net income for 2023? 3. Using the proportionate

Requirements
1. How much is the consolidated net income for 2022?
2. How much is the consolidated net income for 2023?
3. Using the proportionate method, how much is the non-controlling interest as December 31, 2023? image text in transcribed
Philippians Company purchased 60% of Seth Company on January 2 , 2022 for P3,930,000 when Seth's book value was P6,300,000. On that day, the market value of the net assets of Seth equaled their book values with the following exceptions: Seth Company reported the following for 2022 and 2023

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