Book Value P60,000 130,000 580,000 200,000 40,000 (250,000) (10,000) (450,000) (300,000) What is the amount of non-controlling interest on the acquisition date Market Value P60,000 210,000 630,000 Cash Inventory Plant Assets (net) Cost of Goods Sold Depreciation Expense Liabilities Common Stock Retained Earnings Sales (250,000) consolidated balance sheet?
Book Value P60,000 130,000 580,000 200,000 40,000 (250,000) (10,000) (450,000) (300,000) What is the amount of non-controlling interest on the acquisition date Market Value P60,000 210,000 630,000 Cash Inventory Plant Assets (net) Cost of Goods Sold Depreciation Expense Liabilities Common Stock Retained Earnings Sales (250,000) consolidated balance sheet?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 9MC
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Question
ABC Corporation acquired 80 percent of XYZ Corporation on August 1 for P500,000. On that date, XYZ Corporation had the following book values and market values
*In good accounting form, pleawse. Thank you!
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