Question
Press Company acquires 15% of Secretary Company's common stock for P600,000 cash and carries theinvestment using the cost model. A few months later, Press purchases
1. Determine the goodwill (at full fair value)
2. Determine the Non-controlling interest (at full fair value).
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
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