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5) On January 1,2011, Pop Company acquired 80% of the outstanding stock of Sap Company for P350,000 in cash. Relevant information for Sap on this

5) On January 1,2011, Pop Company acquired 80% of the outstanding stock of Sap Company for P350,000 in cash. Relevant information for Sap on this day is as follows: Common stock, P10 par P 220,000 the...

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