With complete solution required each no. MULTIPLE CHOICES-COMPUTATIONAL 13.1: Maine purchased all of the net assets of Woman Company on January 2017 by laing 8.000 shares of its Pio par commock. At the time the combination totaled N 000. Under IFRS 2, wat total amount should nel sets acquired be recorded by Marine auming that contingere consideration of P5,000 is determined? P249,000 A P271.000 GPM4.000 d. P245.000 13-2: The nel sets of Acquired Company have a book value of P150,000 and value of P180,000. Acquiring Company paid P250,000 cash for all the net assets of Acquired Company, Acquiring Company also paid P50,000 to investment house as finder's fee. A what amount should goodwill be recorded on Acquiring Company's books? P100.000 & P750,000 6 P120,000 P 70,000 13-4. On January 1, 2017, CJ Corporation acquired the news of Rex, Inc, by issuing 606, 000 shares of its Pio Vallecom Hock Subsequently, Rex walted edities and abilities merged into C Corporate CN stock was selling for P50 per share on January 1, 2017. The amount of goodwill recorded by Cinconnection with the combo wis P6,120,000. Cincurred P300,000 of legal and broken fees associated with the combination and P30,000 of stock suce costs What is the fair value of Rex's net sets and the amount of the increase in CY stockholders' equity result of the combination, respectively? P23,880,000 and P30,000,000 24.180,000 and P30,000,000 cP24.180,000 and P29,970,000 & P20,000,000 and P29.970,000 13-5. Pool Company issued 120,000 shares of P10 par common stock with a fair value of P2.350,000 for the net assets of Spot Compuy. In addition, Pool incurred the following acquisition related con Legal foes to strenge the business combination Costs of SEC ron, including coming and legal fees 12.000 Cost of sing stock certificates 1,000 Documentary 20.000 Immediately before the business combination in which Spot Company was dissolved, Spot's assets and equities were as follows (in thousands): Book Caram sets P2.000 PL.100 Planlasses La 300 Common stock Retained ning 200 What is the amount of goodwill income from acquisition) and APIC to be recognised by Pool Company? 4. P450,000) and P7,335,000 A PY470,000) and P1,200,000 6 pas.000) and P1.185.000 4 P450,000) and P1,315,000 13-3: On June 30, 2017. White Corporation issued 100,000 shares of its P20 value common stock for the net assets of Black Company in a busines combination accounted for by the acquisition method. The market value of While's common stock on June 30 was P36 per shure White paid a feed P100,000 to the broker who arranged this acquisition Costs of SEC registration and issuance of the equity securities amounted to P50,000 Contingent considerative determined to be paid to Black Company are Requisition amounts to P120,000 What amount should Whitecapiulizes the cost of acquiring Black's net & P3,620,000 P3,650,000 GP,720,000 4 P3,750,000 With complete solution required each no. MULTIPLE CHOICES-COMPUTATIONAL 13.1: Maine purchased all of the net assets of Woman Company on January 2017 by laing 8.000 shares of its Pio par commock. At the time the combination totaled N 000. Under IFRS 2, wat total amount should nel sets acquired be recorded by Marine auming that contingere consideration of P5,000 is determined? P249,000 A P271.000 GPM4.000 d. P245.000 13-2: The nel sets of Acquired Company have a book value of P150,000 and value of P180,000. Acquiring Company paid P250,000 cash for all the net assets of Acquired Company, Acquiring Company also paid P50,000 to investment house as finder's fee. A what amount should goodwill be recorded on Acquiring Company's books? P100.000 & P750,000 6 P120,000 P 70,000 13-4. On January 1, 2017, CJ Corporation acquired the news of Rex, Inc, by issuing 606, 000 shares of its Pio Vallecom Hock Subsequently, Rex walted edities and abilities merged into C Corporate CN stock was selling for P50 per share on January 1, 2017. The amount of goodwill recorded by Cinconnection with the combo wis P6,120,000. Cincurred P300,000 of legal and broken fees associated with the combination and P30,000 of stock suce costs What is the fair value of Rex's net sets and the amount of the increase in CY stockholders' equity result of the combination, respectively? P23,880,000 and P30,000,000 24.180,000 and P30,000,000 cP24.180,000 and P29,970,000 & P20,000,000 and P29.970,000 13-5. Pool Company issued 120,000 shares of P10 par common stock with a fair value of P2.350,000 for the net assets of Spot Compuy. In addition, Pool incurred the following acquisition related con Legal foes to strenge the business combination Costs of SEC ron, including coming and legal fees 12.000 Cost of sing stock certificates 1,000 Documentary 20.000 Immediately before the business combination in which Spot Company was dissolved, Spot's assets and equities were as follows (in thousands): Book Caram sets P2.000 PL.100 Planlasses La 300 Common stock Retained ning 200 What is the amount of goodwill income from acquisition) and APIC to be recognised by Pool Company? 4. P450,000) and P7,335,000 A PY470,000) and P1,200,000 6 pas.000) and P1.185.000 4 P450,000) and P1,315,000 13-3: On June 30, 2017. White Corporation issued 100,000 shares of its P20 value common stock for the net assets of Black Company in a busines combination accounted for by the acquisition method. The market value of While's common stock on June 30 was P36 per shure White paid a feed P100,000 to the broker who arranged this acquisition Costs of SEC registration and issuance of the equity securities amounted to P50,000 Contingent considerative determined to be paid to Black Company are Requisition amounts to P120,000 What amount should Whitecapiulizes the cost of acquiring Black's net & P3,620,000 P3,650,000 GP,720,000 4 P3,750,000