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Question - Rosas Corporation acquired a 70% interest in Camia Co. for 2015. For the year ended December 31, 2015 and 2016, Camia Co. reported net income of P160,000 and P180,000 respectively. During 2015, Camia sold merchandise to Rosas Corp. for P20,000 at a profit of P4,000. The merchandise was later resold by Rosas Corp. to outsider for P30,000 for 2016.
Required -
1. What is the non-controlling interest share of Camia's net income for 2015?
2. What is the non-controlling interest share of Camia's net income for 2016?
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