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Reading2 Company acquires 80% of Good2 Company for P500,000 on January 1, 20x8. Good2 reported capital stock of P300,000 and retained earnings of P250,000 on

Reading2 Company acquires 80% of Good2 Company for P500,000 on January 1, 20x8. Good2 reported capital stock of P300,000 and retained earnings of P250,000 on that day. An equipment with 5-year remaini...

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