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Joseph Limited acquired 70% of the shares of Benjamin Limited for P1,050,000. At acquisition date the identifiable net assets of Benjamin Limited had a fair

Joseph Limited acquired 70% of the shares of Benjamin Limited for P1,050,000. At acquisition date the identifiable net assets of Benjamin Limited had a fair value of P1,350,000. What is the amount of the grossed-up goodwill relating to the acquisition of Benjamin Limited?

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