On October 26, 20x1, Entity A acquired 100% interest in Entity B for 2,800,000. On this date, Entity B's identifiable assets and liabilities have fair values of P4,000,000 and 1,600,000, respectively. Included in Entity B's liabilities are cash dividends of 280,000 declared on October 1, 20x1, to shareholders of record on November 1, 20x1, and payable on December 1, 20x1. sirement: Compute for the goodwill.
On October 26, 20x1, Entity A acquired 100% interest in Entity B for 2,800,000. On this date, Entity B's identifiable assets and liabilities have fair values of P4,000,000 and 1,600,000, respectively. Included in Entity B's liabilities are cash dividends of 280,000 declared on October 1, 20x1, to shareholders of record on November 1, 20x1, and payable on December 1, 20x1. sirement: Compute for the goodwill.
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter16: Multijurisdictional Taxation
Section: Chapter Questions
Problem 1BCRQ
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