Question 5 Not yet answered Marked out of 1.00 P Flag question On 1/1/2020 P Company acquired an ownership in S company and paid 68000 JD, NCI on 1/1 is 32000 JD. Compute ownership percentage. Answer: Coun ustion 18 not yet answered Marked out of 1.00 P Flag question Company A plans to acquire the net assets of Company B, the following data are available from Company B: net income in year 1: 120000 JD, year 2: 140000 JD. Assets include: machines with FV 18% lower than book value, equipment with FV 12% higher than book value, trademark with 10% lower than book value, extraordinary loss 900 (year 1), gain on asset sale 1200 (year 2), machines depreciation (each year) 8000 JD, equipment depreciation (each year) 15000 JD, trademark amortization (each year) 7000 JD, rent exp. 1500 JD (each year). Compute future earnings