On August 31, 2020, Laida Corporation purchased all the net assets of Magtalas Corporation by transferring cash of P500,000 and issuing 40,000 ordinary shares with par value of P50 (current fair value is P60). The following are expenses incurred and paid by Laida Corporation in connection with the business combination on the date of acquisition:

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: goodwill= Fair value of net assets -(Consideration paid/control acquired)

Q: At the beginning of 2018, Esterlina Corporation purchased 40% of the ordinary shares outstanding of…

A: At beginning of 2018, Esterline purchased ordinary shares of Mary Grace = 40% Purchase consideration…

Q: On January 2, 2020, Popsters Corporation purchased 80% of SG Corporation's ordinary shares for…

A: A) Net income attributable to non-controlling interest Subsidiary Income P105,000 The share of…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Business combination means when one of the company merges with another company or two companies…

Q: On January 1, 2020, Pail Corporation acquired 75 percent of Sand Company's common stock for $525,000…

A: As per IFRS a company has to prepare consolidated income statement and balance sheet incorporating…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Total fair value of assets of Vaxx Corporation = Cash + Accounts receivable + Inventory + Land +…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: In simpler words, a consolidated balance sheet is simply the consolidation of financial facts from…

Q: On January 1, 2020, Holland Corporation paid $7 per share to a group of Zeeland Corporation…

A: Here discuss about the details of the preparation of consolidation statement and its effect into the…

Q: On January 2, 2020, Baleine Ltd. acquired 19% of the outstanding voting shares of Golf Inc. for…

A:

Q: On July 19, 2021, SUNOB acquired 60% of the outstanding shares of YSAE. The business combination…

A: When Non controlling interest is measured at fair value them the resulting goodwill or gain on…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Total fair value of assets of Vaxx Corporation = Cash + Accounts receivable + Inventory + Land +…

Q: On January 1, 2021, BENI Co. issued shares of its P5 par value share capital to acquire all the net…

A: Shares:- The company’s capital that is divided into small equal units of a finite number are…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Working note: Computation of amount of goodwill or gain from bargain purchase:

Q: At the beginning of 2018, Esterlina Corporation purchased 40% of the ordinary shares outstanding of…

A: SOLUTION- AT THE BEGINNING OF 2018, ESTERLINA CORPORATION PURCHASED ORDINARY SHARES OF MARY GRACE…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: The total liabilities of the consolidated balance sheet will be the summation of the book value of…

Q: On January 1, 2019, Post Corporation acquired 80 percent of Star Company's common stock for $160,000…

A: Given Information :  Book value of Star company = $160,000 Net income for 2019 = $60,000 Net income…

Q: n June 1, 2020, SME A acquired 35% of the equity of entities X, Y, Z for P64,000 and P58,000 and…

A: Fair value accounting is the practice of measuring assets and liabilities at their current market…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Fair Value = Cash + accounts receivable + inventory + land + buildings & equipment - accounts…

Q: On January 1, 2020, Adams acquires 100% of Baker in a transaction accounted for using the…

A: Two methods of goodwill recognition:- partial method Full goodwill method

Q: On January 1, 2021, ABC Co. acquired all of the identifiable assets and assumed all of the…

A: SOLUTION GOODWILL = PURCHASE PRICE OF TARGET COMPANY -(FAIR MARKET VALUE OF ASSETS - FAIR MARKET…

Q: On January 2, 2020, P Corporation purchased 80% of the outstanding shares of S Company for…

A: In Consolidated Statement of profit and loss, there should be an additional depreciation for the…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp's common stock for P160,000 cash. The…

A: Pfizer Corp acquired 80% share in Vax Corp.   So  now as per law Pfizer…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Here in this question, we are required to calculate goodwill that needs to record immediately after…

Q: On January 1, 2020, Paloma Corporation exchanged $1,710,000 cash for 90 percent of the outstanding…

A: Calculation of consolidate Balances as of December 31, 2021 is as follows: Resultant table:

Q: What is the CONSOLIDATED total for buildings at that date ? b. Prepare journal entry “A” that will…

A: Consolidation may be defined as the situation where a parent entity acquired the major control in…

Q: On January 2, 2020, Popsters Corporation purchased 80% of SG Corporation's ordinary shares for…

A: The above mentioned question answer is given in the following steps for your reference.

Q: On January 1, 2020, Adams acquires 100% of Baker in a transaction accounted for using the…

A: Dividend is the distribution of profit among the shareholders of the company. A portion of the…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Total stockholders' equity in the consolidated balance sheet is the summation of the common stock of…

Q: On January 1, 2020, Doone Corporation acquired 60 percent of the outstanding voting stock of Rockne…

A: Journal entry is the process of recording the business transactions in the accounting books for the…

Q: On January 1, 2020, Palka, Inc., acquired 70 percent of the outstanding shares of Sellinger Company…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: On January 1, 2021, ABC Co. acquired all of the identifiable assets and assumed all of the…

A: solution given Number of ABC co’s share 60000 Par value per share 40 Fair value of…

Q: n January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: SOLUTION- EXPLANATION- 1-TOTAL FAIR VALUE OF VAXX CORPORATION = 20000…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Business combination is a process where one firm acquires the other firm by purchasing most of its…

Q: On March 31, 2020, QuezonCompany purchased 120,000 ordinary shares ofRizalCompany for P1,700,000,…

A: On 31.3.2020 - Quezon Company purchased 120,000 ordinary shares (30%) of Rizal Company = P1,700,000…

Q: On January 1, 2021, ABC Co. acquired all of the identifiable assets and assumed all of the…

A: Answer: Given 1. ABC Co's share capital consists of 60,000 ordinary shares with par value of ₱40 per…

Q: On January 1, 2021, BENI Co. issued shares of its P5 par value share capital to acquire all the net…

A: Equity share capital refers capital which is raised by a corporation by offering shares.

Q: On January 1, 2019, Post Corporation acquired 80 percent of Star Company's common stock for $160,000…

A:

Q: On January 1, 2021, KORU Co. issued shares of its $5 par value share capital to acquire all the net…

A: Fair value of shares refers to the actual value of a stock, which is determined to evaluate the…

Q: On January 1, 2019, Post Corporation acquired 80 percent of Star Company's common stock for $160,000…

A: THE CORRECT OPTION IS OPTION B  BALANCE OF INVESTMENT IN STAR COMPANY ON DECEMBER 31 , 2020 =…

Q: On January 1, 2021, ABC Co. acquired all of the identifiable assets and assumed all of the…

A: SOLUTION GOODWILL IS AN INTANGIBLE ASSETS THAT IS ASSOCIATED WITH THE PURCHASE OF ONE BY ANOTHER.

Q: , acquired 70 percent of the outstanding shares of Sellinger Company for $1,274,000 in cash. The…

A: Profits or losses gained over a period of time are referred to as net income. Cumulative net income…

Q: On January 1, 2021, BENI Co. issued shares of its P5 par value share capital to acquire all the net…

A: Issuing Equity instruments costs of 5000 are taken directly to equity and do not reduce the value of…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Consolidated balance sheet is the balance sheet prepared by the company which has another subsidiary…

Q: On January 1, 2019, Post Corporation acquired 80 percent of Star Company's common stock for $160,000…

A: Given information: Percentage acquired = 80% Acquisition price = $160,000 Net income for 2019 =…

Q: On January 1, 2021, ABC Co. acquired all of the identifiable assets and assumed all of the…

A: solution given Number of ABC co’s share 60000 Par value per share 40 Fair value of…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: It is pertinent to note that for calculation of goodwill fair value of net assets needs to be taken…

Q: On January 1, 2020, PEARLS Corporation acquired the identifiable net assets of START UP Company. On…

A: When a company acquires assets and liabilities of another company, certain purchase consideration is…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Here in this question, we are required to calculate non controlling interest under full goodwill…

Q: On January 1, 2023, Andrei Company acquired 40% of the ordinary shares of an associate. On such…

A: Income from Investee          = 32,00,000 ( 80,00,000 x 40/100)  Less : Loss on purchase of…

Q: Determine the impairment loss, if any, to be recorded on December 31, 2021. Impairment loss…

A: Impairment Loss is the excess value of the carrying amount in the books over the fair value of the…

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.