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On January 1, 2017, Karen Company acquired a 25% interest in the ordinary shares of Klaire Company for Php 3,000,000 which reflected a book value

On January 1, 2017, Karen Company acquired a 25% interest in the ordinary shares of Klaire Company for Php 3,000,000 which reflected a book value as of that date. Klaire Company reported net income an...

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