Problem 10. The following are the condensed statement of financial position of Aviziel and Vianney on January 1, 2013: Aviziel Vianney Total Assets 4,100,000 1,223,000 Liabilities Common Stocks Additional Paid-in Capital Retained Earnings 1,110,000 1.240,000 500,000 1,250,000 320,000 518,000 40,000 345,000 Cido Corp. acquired the net assets of both Aviziel and Vianney by issuing 81,250 shares to Aviziel and 22,550 shares to Vianney. The par value of these shares is P35/share and market value as of January 1, 2013 is P40/share. Cido also paid for the following expenses:| Ayiziel Vianney Indirect costs 37,500 40,500 Finder's fee 26,500 14,000 Acctg. and legal fees for SEC registration 137,500 145,000 Printing costs of stock certificates 50,000 37,500 10. If Cido's retained earnings has a balance of P4,300,000 on January 1, 2013, how much is the (1) goodwill and (2) adjusted retained earnings to be presented in the statement of financial position of Cido? A. P259,000; P4,118,500 B. P260.000; P4,112,750 C. PO ;P4,112,750 D. P260,000: P4,182,500 Problem 10. The following are the condensed statement of financial position of Aviziel and Vianney on January 1, 2013: Aviziel Vianney Total Assets 4,100,000 1,223,000 Liabilities Common Stocks Additional Paid-in Capital Retained Earnings 1,110,000 1.240,000 500,000 1,250,000 320,000 518,000 40,000 345,000 Cido Corp. acquired the net assets of both Aviziel and Vianney by issuing 81,250 shares to Aviziel and 22,550 shares to Vianney. The par value of these shares is P35/share and market value as of January 1, 2013 is P40/share. Cido also paid for the following expenses:| Ayiziel Vianney Indirect costs 37,500 40,500 Finder's fee 26,500 14,000 Acctg. and legal fees for SEC registration 137,500 145,000 Printing costs of stock certificates 50,000 37,500 10. If Cido's retained earnings has a balance of P4,300,000 on January 1, 2013, how much is the (1) goodwill and (2) adjusted retained earnings to be presented in the statement of financial position of Cido? A. P259,000; P4,118,500 B. P260.000; P4,112,750 C. PO ;P4,112,750 D. P260,000: P4,182,500