Book Value Market Value P60,000 Cash P60,000 130,000 Inventory Plant Assets (net) 210,000 630,000 580,000 200,000 40,000 Cost of Goods Sold Depreciation Expense Liabilities (250,000) (10,000) (450,000) (300,000) What is the amount of non-controlling interest on the acquisition date (250,000) Common Stock Retained Earnings Sales consolidated balance sheet?

Book Value Market Value P60,000 Cash P60,000 130,000 Inventory Plant Assets (net) 210,000 630,000 580,000 200,000 40,000 Cost of Goods Sold Depreciation Expense Liabilities (250,000) (10,000) (450,000) (300,000) What is the amount of non-controlling interest on the acquisition date (250,000) Common Stock Retained Earnings Sales consolidated balance sheet?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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