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1. On January 1, 2011, SM Co. acquired 30,000 out of 100,000 outstanding common stocks of PLDT Co. at a price of P1,490,000. As of
1. On January 1, 2011, SM Co. acquired 30,000 out of 100,000 outstanding common stocks of PLDT Co. at a price of P1,490,000. As of such date, the net asset of PLDT Co. is reported at P4,000,000. Howev...
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
16th Edition
324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140
