Question
On July 1, 2021, Batangas Company purchased 25% of Bataan Company's outstanding ordinary shares and no goodwill will resulted from the purchase. Batangas appropriately carries
On July 1, 2021, Batangas Company purchased 25% of Bataan Company's outstanding ordinary shares and no goodwill will resulted from the purchase. Batangas appropriately carries this investment at equity and the balance in Batangas' investment account was P1,900,000 at December 31, 2021. Bataan reported net income of P1,200,000 for the year ended December 31, 2021, and paid dividend totaling P480,000 on December 31, 2021.
How much did Batangas pay for its 25% interest in Bataan?
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Cost-Benefit Analysis Concepts and Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th edition
1108401295, 9781108415996, 1108415997, 978-1108401296
