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Show the solution. PROBLEM 4. Pure Corporation acquired an 80% interest in Sincere Company on January 2, 2012 for P2,520,000. On this date, the share

Show the solution. PROBLEM 4. Pure Corporation acquired an 80% interest in Sincere Company on January 2, 2012 for P2,520,000. On this date, the share capital and retained earnings of the two companies...

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