PABC acquired 65% of SDEF’s voting ordinary shares for P468,000, P108,000 above the net assets of SDE’s book value on January 2, 2021. The difference attributable to an equipment which is amortized over 10 years. What is the effect of the purchase difference on the 2023 net income attributable to owners of the parent? (16,615) (10,800) 21,600 (32,400)
PABC acquired 65% of SDEF’s voting ordinary shares for P468,000, P108,000 above the net assets of SDE’s book value on January 2, 2021. The difference attributable to an equipment which is amortized over 10 years. What is the effect of the purchase difference on the 2023 net income attributable to owners of the parent? (16,615) (10,800) 21,600 (32,400)
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA2: Investments
Section: Chapter Questions
Problem 25E
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PABC acquired 65% of SDEF’s voting ordinary shares for P468,000, P108,000 above the net assets of SDE’s book value on January 2, 2021. The difference attributable to an equipment which is amortized over 10 years. What is the effect of the purchase difference on the 2023 net income attributable to owners of the parent?
(16,615)
(10,800)
21,600
(32,400)
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