The condensed balance sheet as of December 31, 2021 of Rain Corporation and Sun Corporation are: On January 1, 2022, Rain Corp. issued 20,000 shares of its common stock in exchange of all the outstanding stocks of Sun Corp. Rain Corp. common stock has market value of P30 per share. After the combination, investment in Sun Corp. stock in the balance sheet of Rain Corp. is:
The condensed balance sheet as of December 31, 2021 of Rain Corporation and Sun Corporation are: On January 1, 2022, Rain Corp. issued 20,000 shares of its common stock in exchange of all the outstanding stocks of Sun Corp. Rain Corp. common stock has market value of P30 per share. After the combination, investment in Sun Corp. stock in the balance sheet of Rain Corp. is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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