Compute what is the investment income for the current year

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Question 1: Moss Company owned 20% of Dubro Company's preference share capital and 50% of the ordinary share capital. The investee reported net income P600,000 for the current year. Also, the company's equity contains: 10% cumulative preference share capital at P 1,000,000 and Ordinary share capital at P 7,000,000 What is the investment income for the current year?

Reference no: EM132492498

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