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Minor Corporation reports net assets of P300,000 at book value. These assets have an estimated market value of P350,000. If Major Corporation buys 80

Minor Corporation reports net assets of P300,000 at book value. These assets have an estimated market value of P350,000. If Major Corporation buys 80 percent ownership of Minor for P275,000. Goodwill will be reported in the consolidated balance sheet in the amount of:

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