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On January 01, 2021, the Statement of Financial Position of AA Company and BB Company immediately before the combination are: BB Company Subsidiary 70,000.00 150,000.00
On January 01, 2021, the Statement of Financial Position of AA Company and BB Company immediately before the combination are: BB Company Subsidiary 70,000.00 150,000.00 Cash AACompany Parent 2,540,000.00 Inventories 1,600,000.00 Buildding and Equipment (net) 4,100,000.00 710,000.00 Total Assets 8,240,000.00 930,000.00 Liabilities and Equity Accounts Payable 540,000.00 Ordinary shares, P100 par 900,000.00 95,000.00 90,000.00 Share Premium 1,900,000.00 200,000.00 Retained Earnings 4,900,000.00 545,000.00 Total Liabilities and Equity 8,240,000.00 930,000.00 Additional Information: The fair value of BB Company's Equipment is P1,118,000. Assuming AA Company acquired 80% of the Outstanding shares of Company for P940,000 and non-controlling interest is measured at the proportionate share of BB Company's identifiable net assets, how much is the consolidated stockholder's equity on date of acquisition
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