indirect cost however remain unpaid. REQUIREMENTS: A. Goodwill B. Consolidated Total Liabilities at the date of acquisition
indirect cost however remain unpaid. REQUIREMENTS: A. Goodwill B. Consolidated Total Liabilities at the date of acquisition
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
If CARDO Co purchases the net assets of SYANO Co by issuing 5,000 shares of their P10 par value
shares with a fair value of P20 per share, entered into a mortgage loan of P290,000 and paying direct
cost and stock issue cost of P50,000 and P20,000 respectively, a P25,000 direct cost and a P50,000
indirect cost however remain unpaid.
REQUIREMENTS:
A.
B. Consolidated Total Liabilities at the date of acquisition
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