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On July 1, 2021, Arisu Company purchased 80% of the outstanding shares of Usagi Company at a cost of P1,600,000. On that date, Usagi had

On July 1, 2021, Arisu Company purchased 80% of the outstanding shares of Usagi Company at a cost of P1,600,000. On that date, Usagi had P1,000,000 of capital stock and P1,400,000 of retained earnings...

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