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10.On July 1, 2016 BD Company purchased 80% of the outstanding shares of SMCompany at a cost of P1,600,000. On that date, SMhad P1,000,000 of
10.On July 1, 2016 BD Company purchased 80% of the outstanding shares of SMCompany at a cost of P1,600,000. On that date, SMhad P1,000,000 of capital stock and P1,400,000 of retained earnings. For 201...
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
