The January 1, 2017 statement of Financial Position of Solo Corporationat book and marketvalues were as follows:

Book Value Fair Value

Current Assets P1,200,000 P1,125,000

Property and Equipment 1,350,000 1,500,000

P2,550,000

Current Liabilities P450,000 P450,000

Long Term Liabilities 750,000 690,000

Common Stock 150,000

Additional Paid In Capital 300,000

Retained Earnings 900,000

P2,550,000

Polo Corporation paid P1,425,000 in cash for 80% of Solo Corporation's commonstock.The fairvalue of NCI (Non-controlling Interest) is assessed to be P345,000.

Questions:

35.How much is the allocated excess? a. P297,000

b.P372,000

c.P420,000

d.P431,000

36.How much is the Full goodwill? a. P237,000

b.P285,000

c.P297,000

d.P420,000

37.How much is the Partial Goodwill? a. P237,000

b.P285,000

c.P297,000

d.P420,000

38.How much of the total goodwill (income from acquisition) is attributable to Parent? a. P48,000

b.P237,000

c.P285,000

d.P420,000

39.How much of the total goodwill (income from acquisition) is attributable to Non-controlling interest? a. P48,000

b.P237,000

c.P285,000

d.P420,000

40.If the fair value of NCI (Non-controlling Interest) is assessed to be P295,000, how much of the total goodwill (income from acquisition) is attributable to Parent?

a.PO

b.P235,000

c.P237,000

d.P285,000

e.P420,000