C Corporation recently purchased 80 percent of the stock of T Decks, Inc., for P232,000. At...

 

Transcribed Image Text:

C Corporation recently purchased 80 percent of the stock of T Decks, Inc., for P232,000. At the date of purchase the consolidated balance sheet showed P40,000 of goodwill from the acquisition. The book value of T Deck's net assets at the time of acquisition was: C Corporation recently purchased 80 percent of the stock of T Decks, Inc., for P232,000. At the date of purchase the consolidated balance sheet showed P40,000 of goodwill from the acquisition. The book value of T Deck's net assets at the time of acquisition was:

Answer rating: 100% (QA)

The book value of T Decks net assets at the time of acquisition can be calcul... View the full answer