RR Corporation acquired 80 percent of the stock of GG Company by issuing shares of its common stock with a fair value of P192,000. At that time, the fair value of non-controlling interest was estimated to be P48,000 and the fair values of its identifiable assets and liabilities were P310,000 and P95,000, respectively. GG’s assets and liabilities had book values of P220,000 and P95,000, respectively. Compute for "Investment in GG" reported by RR to be reported immediately after the combination.

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A: Option d is the ans

Q: Pop Corporation acquired 70 percent of Soda Company's voting common shares on January 1, 20X2, for…

A: a. b.

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A: Investment in an associate is calculated by the following equation:- Investment in associate =…

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Q: egistering and iss

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.