note:Total Stockholders' Equity of P200,000 should be Treasury Shares Parent Company acquired 18,000 shares of S Company's ordinary share on January 1, 2021, for payment ofP3,000,000 when S Company's stockholders' equity section appeared as follows:Ordinary Share, P100 par, 25,000 shares issuedShare PremiumRetained EarningsTotal Stockholders' EquityP2,500,000700,000800,000200,000Assets and liabilities of S Company has book values approximately equal to their fair values except for its inventorywith a book value of P100,000 and a fair value of P130,000 and land with a book value of P400,000 and a fair valueof P420,000. Assuming the use of full-goodwill approach, compute for the goodwill.

Particulars Parent Share (72%) Minority Share (28%) Total Value (100%) Purchase Price…

Answered: Assuming the use of full-goodwill…

Business

Accounting

Assuming the use of full-goodwill approach, compute for the goodwill.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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At December 31, the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par $2; no changes during the current year). Shares authorized, 5,000,000. Shares issued, Shares held as treasury stock, 10, 000 shares, cost $6 per share. Net income for the current year, $481,000. Common Stock account, $150,000. Dividends declared and paid during the current year, $2 per share. Retained Earnings balance, beginning of year, $800,000. ?; issue price $8 per share. Required: Complete the following: (Round "Earnings per share" to 2 decimal places.)
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From page 10-1 of the VLN, what is the difference between issued shares and outstanding shares? A. Authorized shares. B. Unissued share. C. Treasury shares. D. There is no difference between issued shares and outstanding shares.
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