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P Corporation purchased 60% of the shares of S Corporation on January 01, 2019 for P2,200,000. On that date, $ Corp. reported retained earnings of
P Corporation purchased 60% of the shares of S Corporation on January 01, 2019 for P2,200,000. On that date, $ Corp. reported retained earnings of P1,000,000 and had P2,000,000 of shares outstanding. ...
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Financial Accounting
Authors: LibbyShort
7th Edition
78111021, 978-0078111020
