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What amount will be reported for trucks and accumulated depreciation in the December 31, 2007, consolidated balance sheet, respectively? a. P 40,000; P 10,000 c.

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What amount will be reported for trucks and accumulated depreciation in the December 31, 2007, consolidated balance sheet, respectively? a. P 40,000; P 10,000 c. P 52,000; P 13,000 b. P 100,000; P 70,000 d. P 100,000; P 73,000 What amount of depreciation was recorded by Pan-Asian Liner during 2007? a. P 13,000 b. P10,000 c. P3,000 d. P16,000 If Sea Liner reports net income of P50,000 in 2007, what amount of income will be assigned to the non-controlling interest in the 2007 consolidated income statement? a. P 8,200 b. P1 1,800 c. P10,000 d. P10,600 If Sea Liner reports net income of P60,000 in 2008, what amount of income will be assigned to the non-controlling interest in the 2008 consolidated income statement? a. P 12,000 b. P10,200 c. P12,600 d. P11,400

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