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CASE PROBLEM# 2 : SUBSEQUENT TO ACQUISITON ( December 3 1 , 2 0 2 2 ) - same problem but rephrased. Continuation...Based on the
CASE PROBLEM#: SUBSEQUENT TO ACQUISITON December same problem but rephrased. Continuation...Based on the information provided above, Assume that the company is using proportionate share to assess the NCl The Statements of Financial Positions for both companies on December are presented below, along with the Statement of Profit or Loss. On January PLDT Co acquired interest in Sun Co On acquisition date, Sub's capital was at P Sub's identifiable assets approximated their fair values except for inventory with carrying amount of and fair value of and equipment with carrying amount of and fair value of The remaining useful life of the building and equipment is years. PLDT also pays in accounting and legal fees to accomplish the purchase. Noncontrolling interest was measured using the proportionate share method. Consideration transferred is cash. tableSTATEMENT OF FINANCIAL POSITION DecemberAssetsPLDT CoSun CoCashAccounts receivable,InventoryProperty Plant and Equipment, net,Accounts payable,Notes Payable,Ordinary shares, P par,Share Premium,Retained earnings,STATEMENT OF PROFIT OR LOSS,,CalesPLDT CoSun CoCost of Goods Sold,Operating Expenses,
CASE PROBLEM#: SUBSEQUENT TO ACQUISITON December same problem but rephrased.
Continuation...Based on the information provided above, Assume that the company is using proportionate share to assess the NCl The Statements of Financial Positions for both companies on December are presented below, along with the Statement of Profit or Loss.
On January PLDT Co acquired interest in Sun Co On acquisition date, Sub's capital was at P Sub's identifiable assets approximated their fair values except for inventory with carrying amount of and fair value of and equipment with carrying amount of and fair value of The remaining useful life of the building and equipment is years. PLDT also pays in accounting and legal fees to accomplish the purchase.
Noncontrolling interest was measured using the proportionate share method.
Consideration transferred is cash.
tableSTATEMENT OF FINANCIAL POSITION DecemberAssetsPLDT CoSun CoCashAccounts receivable,InventoryProperty Plant and Equipment, net,Accounts payable,Notes Payable,Ordinary shares, P par,Share Premium,Retained earnings,STATEMENT OF PROFIT OR LOSS,,CalesPLDT CoSun CoCost of Goods Sold,Operating Expenses,
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