lech Co. and Robpotics CO. are joint
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Tech Co. and Robotics Co. are joint
venturers of Mecha Co., a producer of high
tech machinery. Tech and Robotics, each
have a 50% interest in the net assets of
Mecha Co. During the year, Tech Co. earns
revenue of P1,000,000 from its own
operations while Mecha Co. reports
revenue of P400,000. How much total
revenue shall be reported in Tech Co.'s
statement of profit or loss for the year? *
O a. P1,000,000
b. P1,200,000
O c. P1,400,000
O d. Either a or b
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