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How much is the investment income for december

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Reference no: EM133149394

Question - Norway Company investments to Latvia Company are:

Preference share capital 15%

Ordinary share capital 40%

Latvia Company's share capital outstanding on December 31, 2021, is as follows:

10% Cumulative preference share capital P2,000,000

Ordinary share capital 7,000,000

Latvia Company reported a net income of P5,000,000 for the year ended December 31, 2021.

How much is the investment income for December 31, 2021?

Reference no: EM133149394

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