he inventories of SS Corp. and PP Corp. has a fair value of P400,000 and P550,000 , respectively. The Equipment SS Corp. Is understated by P100,000. Compute the Consolidated Equity.

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A: Goodwill: Goodwill is the reputation, image, and popularity of the business. Goodwill is an…

Q: The inventories of SS Corp. and PP Corp. has a fair value of P400,000 and P550,000 , respectively.…

A: Step 1 Consolidated Equity means, an amount equal to the aggregate book value of the assets of the…

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Q: On January 1, year 1, ABC Corporation purchased 80% of XYZ Corporation's P10 par common stock for…

A: Goodwill refers to excess of value of investment over the fair value of net assets of subsidiary…

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A: PROMDI CO. acquired the net assets of CARDO CO and SYANO CO Purchase consideration of CARDO CO =…

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A: 1. Fair value method 2. net assets method

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A: Definition and Goodwill Formula Control premium is the excess price paid over the market price of…

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A: Push down according method is by which the acquirers accounting basis is taken over is pushed down…

Q: 10. XYZ Co had the following accounts at the time it was acquired by ABC Inc (see image below). ABC…

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A: PROMDI CO. acquired net assets of CARDO CO. and SYANO CO. Purchase consideration of CARDO CO. =…

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A: Cost of acquisition means total expenses incurred by entity to purchase other entity or assets.

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A: As per IFRS 3 business combination, goodwill shall be recognized.

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A:

Q: On January 1, year 1, ABC Corporation purchased 80% of XYZ Corporation's P10 par common stock for…

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A: Calculation of Net Consideration paid: Calculation of Net Identifiable Asset:

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A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: If PROMDI Co., a new company would acquire the net assets of CARDO Co and SYANO Co. PROMDI Co will…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

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A: consolidated profit = consolidated revenue - consolidated expenses - consolidated operating expenses…