Question
Baguio Corp. acquired 80% of outstanding shares of Tagaytay Inc. the stock acquisition resulted to a goodwill of P700,000. The consideration transferred by Baguio Corp.
Baguio Corp. acquired 80% of outstanding shares of Tagaytay Inc. the stock acquisition resulted to a goodwill of P700,000.
The consideration transferred by Baguio Corp. and fair value of net assets of Tagaytay Inc. amounted to P4,200,000 and 4,500,000, respectively.
How much is the control premium?
Step by Step Solution
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Step: 1
The control premium is the amount paid by the acquiring company over the fair value ...
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International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
