AA Inc. purchased all of the net assets of BB Company of January 2, 2019 by issuing 8,000 shares of its P10 par common stock. At the time, the stock was selling for P30 per share. Direct costs associated with consummating the combination totaled P4,000. Under IFRS 3, what total amount should the net assets acquired be recorded by AA Inc. assuming that the contingent consideration of P5,000 is determined?

The net assets of AA Company have a book value of P150,000 and a fair value of P180,000. BB Company paid P250,000 cash for all the net assets of AA Company. BB Company also paid P50,000 to an investment house as finder's fee. At what amount should goodwill be recorded on AA Company's books?

On June 30, 2019, AA Corporation issued 100,000 shares of its P20 par value common stock for the net assets of BB Company in a business combination accounted for by the acquisition method. The market value of AA's common stock on June 30 was P36 per share. AA paid a fee of P100,000 to the broker who arranged this acquisition. Costs of SEC registration and issuance of the equity securities amounted to P50,000. Contingent consideration determined to be paid to BB Company after acquisition amounts to P120,000. What amount should AA treat as acquisition-related costs to be expensed?