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Business Combination - Acquisition Date Brad Company acquires 90% of Pitt Company for P11,250,000, carrying value of Pitt Company's net assets at time of acquisition

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Business Combination - Acquisition Date

Brad Company acquires 90% of Pitt Company for P11,250,000, carrying value of Pitt Company's net assets at time of acquisition being Required: Compute the following balances 1. Goodwill (under proportionate basis - or partial goodwill) 2. Goodwill (under fair value basis - or full goodwill)

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