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On January 2, 2020, GBQ Company acquired 80% interest in JKL Company for P412,500 cash. On this date the ordinary shares of JKL amount to

On January 2, 2020, GBQ Company acquired 80% interest in JKL Company for P412,500 cash. On this date the ordinary shares of JKL amount to P131,200 while its retained earnings amount to P318,750. Non...

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