consolidated balance sheet on the date of acquisition are shown below. Of the price 2020. The separate balance of Petron Company after the business combination and the 17. Petron Company acquired 70% of the outstanding shares of Shell Company on January 1, consolidated balance sheet on the date of acquisition are shown below. Of the ne difference, P7,000 is allocated to undervalued fixed assets and the balance to goodwill Consolidated 146,000 370,000 Petron 116,700 270,000 90,000 Current Assets Fixed Assets Investment in Shell Company 8,100 524,100 Goodwill TOTAL 476,700 Current Liabilities Share Capital Share Premium NCI 15,700 350,000 111,000 28,000 350,000 111,000 35,100 524,100 ТОTAL 476,700 The book value of the interest acquired is: P77,000 6 P110,000 P81,900 d. P105,100 с.
consolidated balance sheet on the date of acquisition are shown below. Of the price 2020. The separate balance of Petron Company after the business combination and the 17. Petron Company acquired 70% of the outstanding shares of Shell Company on January 1, consolidated balance sheet on the date of acquisition are shown below. Of the ne difference, P7,000 is allocated to undervalued fixed assets and the balance to goodwill Consolidated 146,000 370,000 Petron 116,700 270,000 90,000 Current Assets Fixed Assets Investment in Shell Company 8,100 524,100 Goodwill TOTAL 476,700 Current Liabilities Share Capital Share Premium NCI 15,700 350,000 111,000 28,000 350,000 111,000 35,100 524,100 ТОTAL 476,700 The book value of the interest acquired is: P77,000 6 P110,000 P81,900 d. P105,100 с.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:2020. The separate balance of Petron Company after the business combination and the
consolidated balance sheet on the date of acquisition are shown below. Of the price
17. Petron Company acquired 70% of the outstanding shares of Shell Company on January 1,
2020. The separate balance of Petron Company after the business combination and
consolidated balance sheet on the date of acquisition are shown below. Of the ne
difference, P7,000 is allocated to undervalued fixed assets and the balance to goodwill
Petron
Consolidated
116,700
270,000
90,000
0.
146,000
370,000
Current Assets
Fixed Assets
Investment in Shell Company
8,100
524,100
Goodwill
TOTAL
476,700
15,700
350,000
111,000
28,000
350,000
111,000
35,100
524,100
Current Liabilities
Share Capital
Share Premium
NCI
ТОТAL
476,700
The book value of the interest acquired is:
a P77,000
6 P110,000
с. Р81,900
d. P105,100
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