ANSWER THE FOLLOWING INDEPENDENT QUESTIONS:

4-19: A consolidated statement of financial position of Ptolemy Company and it subsidiary prepared on March 1, 2012 is as follows: Assets Current Assets P 260,000 Plant Assets (net) 650,000 Excess of Cost over FV (Goodwill-full) 325,000 Total P1,235,000Liabilities and Equity Current Liabilities P 195,000 Equity Attributable to Equity Holders of Ptolemy Ordinary Share Capital P260,000 Accumulated Profits 650,000 910,000 Non-controlling Interest 130,000 Total Liabilities and Equity P1,235, 000 On the same date, Ptolemy Company purchased an 80 percent interest in Staurolite Company when the book values of Staurolite Company's assets and liabilities approximated their fair values. The investment cost (consideration given) of Ptolemy Company for its 80 percent interest in Staurolite Company is: a. P325,000 b. P520,000 C. P650,000 d. P845,000 e. None of the above4-20: On December 31 2011, Punjabi Company purchased Sourabaja Company for P855,000. On that date, Sourabaja's identifiable net assets had a fair value of P741,000. The assets acquired in the purchase of Sourabaja are considered to be a separate reporting unit of Punjabi. The carrying value of Punjabi's investment at December 31, 2012 is P950,000. On December 31, 2012, the fair value of the reporting unit's net assets (including goodwill) is determined to be P921,500. What amount of goodwill impairment, if any, should be recognized at December 31, 2011? a. P28,500 b. P57,000 C . P76,000 d. P85,500 e. None of the above4-21: The assets and liabilities of Pogamoggan Company's reporting unit resulting from an earlier business combination are as follows: Carrying Amount Fair Value Cash and cash equivalents P 54,000 P 54,000 Inventory 126,000 200,000 Plant Assets (net) 720,000 828,000 Goodwill 270,000 Bonds Payable 200,000 200,000 Assuming that the reporting unit's fair value at December 31, 2012 is P972,000, what amount of goodwill and goodwill impairment loss, if any, would be reported?