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On January 1, 2014, 90% of Power Co. was purchased by Saw Co. for P550,000. On that day the equity of Power consisted of capital

On January 1, 2014, 90% of Power Co. was purchased by Saw Co. for P550,000. On that day the equity of Power consisted of capital of P200,000 and retained earnings of P300,000. All assets and liabiliti...

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