Question
Company GHI acquired 80% of Company JKL for P5,000,000, carrying value of Company JKL net assets at time of acquisition being P3,000,000 and fair value
Company GHI acquired 80% of Company JKL for P5,000,000, carrying value of Company JKL net assets at time of acquisition being P3,000,000 and fair value of these net identifiable assets being P4,000,000. compute the amount of non-controlling interest arising on consolidation using the proportionate basis.
a. 600,000
b. 1,250,000
c. 800,000
d. 1,000,000
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Financial Accounting Practice And Principles
Authors: Jan Bebbington, M. Richard Laughlin, Robert H. Gray, Gray Dave
3rd Edition
1861527713, 978-1861527714
