Solution-What amount should appear as trade accounts

What amount should appear as trade accounts receivable

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Question - ITSAGL Company: Trade accounts receivable 400,000 including P50,000 due from ITS Company.

Company owns 30% of AGL Company. The following figures are from their separate financial statements for the year ended December 31, 2019: ITS Company: Trade accounts receivable P1,500,000 including P100,000 due from AGL Company.

What amount should appear as trade accounts receivable in ITS Company's 2019 consolidated financial position?

Reference no: EM132946226

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What amount should appear as trade accounts receivable

Reference no: EM132946226

Reference no: EM132946226

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