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Based on the picture, how much is the net increase in the shareholder's equity of David Guetta Company as a result of business combination

Based on the picture, how much is the net increase in the shareholder's equity of David Guetta Company as a result of business combination

FINANCIAL ACCOUNTING
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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Based on the picture, how much is the net increase in the shareholder's equity of David Guetta Company as a result of business combination?

On January 1, 2022, David Guetta Company issues 10,000 shares of its D value shares with a market value of P 50 per share for the net assete 10 par of Jessie J. Corporation. Cost to register and issue the shares amounted to P 50,000. The condensed statement of financial position of Jessie I Corporation as of 12/31/2021 is shown below: Book Values Fair Values P 225,000 400,000 Current assets 200,000 300,000 P 500,000 Plant assets Total Assets 150,000 50,000 Liabilities Ordinary share capital, P 10 par Share premium Accumulated profits (losses) Total Equities 100,000 200,000 P 500,000 How much is the net increase in the shareholders' equity of David Guetta Company as a result of business combination?
Transcribed Image Text:On January 1, 2022, David Guetta Company issues 10,000 shares of its D value shares with a market value of P 50 per share for the net assete 10 par of Jessie J. Corporation. Cost to register and issue the shares amounted to P 50,000. The condensed statement of financial position of Jessie I Corporation as of 12/31/2021 is shown below: Book Values Fair Values P 225,000 400,000 Current assets 200,000 300,000 P 500,000 Plant assets Total Assets 150,000 50,000 Liabilities Ordinary share capital, P 10 par Share premium Accumulated profits (losses) Total Equities 100,000 200,000 P 500,000 How much is the net increase in the shareholders' equity of David Guetta Company as a result of business combination?
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