Question: On April 1, 2021, Hans Corporation paid P800,000 for the assets and liabilities of Vans Company. The book value of the assets and liabilities of

On April 1, 2021, Hans Corporation paid P800,000 for the assets and liabilities of Vans Company. The book value of the assets and liabilities of Vans Company on April 1,202l, follow: Cash - P80,000, lnventory - 240,000, Plant and equipment (net of accumulated depreciation of P320,000) - 480,000, Liabilities - 180,000. On April l, 2021, it was determined that the inventory of Vans had a fair value of P190,000 and the plant and equipment (net) had a fair value of P560,000. What is the amount of goodwill resulting from the business combination?

a.P180,000

b.P 50,000

c.P -0-

d.P150,000

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