Question: kindly answer the following D Question 6 2 ots On January 1. 201. P Corp acquired 80% interest of the outstanding ordinary shares of S

kindly answer the following D Question 6 2 ots On January 1. 201. P Corp acquired 80% interest of the outstanding ordinary shares of S Corp. for P 910.000 cash. On the date of combination, 5 Corp repo...

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Which of the following equations provide the correct value for F if the effective interest rate is 6%? (Select all that apply) 0 2 3 4 5 6 1 $500 $500 $600 $600 $800

Q:

On January 1, 2020, A Corp acquired 80% interest of the outstanding ordinary shares of B Corp for P910,000 cash. On the date of combination, B Corp reported ordinary shares of P650,000 and retained...

Q:

On January 1, 2019, Petrol Co. Acquired 80% interest in Shell Inc, by issuing 5,000 shares with the fair value of P60 per share and par value of P40 per share. The financial statements of Petrol Co....

Q:

On January 1, 2019, Petrol Co. Acquired 80% interest in Shell Inc, by issuing 5,000 shares with the fair value of P60 per share and par value of P40 per share. The financial statements of Petrol Co....

Q:

On January 1, 2019, Petrol Co. Acquired 80% interest in Shell Inc, by issuing 5,000 shares with the fair value of P60 per share and par value of P40 per share. The financial statements of Petrol Co....

Q:

On January 1, 2019, Petrol Co. Acquired 80% interest in Shell Inc, by issuing 5,000 shares with the fair value of P60 per share and par value of P40 per share. The financial statements of Petrol Co....

Q:

10. Department of Finance granted cash advance for the travelling expenses of its Department Heads to attend a convention in Davao in the amount of P500,000. The Department Heads submitted the...

Q:

FAR610/FAR620 GP1 MARCH 2021 QUESTION 1 Akok Bhd was incorporated in 2013 initially as a modest company involved in producing of traditional foods in Kelantan. After five years in operation, the...

Q:

QUESTION 1 Akok Bhd was incorporated in 2013 initially as a modest company involved in producing of traditional foods in Kelantan. After five years in operation, the company started expanding its...

Q:

download in the attach file and work on...

Q:

Any help answering these question is very much appreciated. Thanks in advance! 1. Prepare a combined entry for Consolidation entries S and A. 2. Prepare Entry B to account for Mona's purchase of...

Q:

At Welding and Bending the Equity amounts to 1 200 000 and Debt is 2 800 000. The shareholders require a return of 12% and the cost to serve the debt is 3%. During 2019 Welding and Bending posted a...

Q:

Returning to Problem 2, suppose that good X is a consumption good with a negative consumption extemality (for example, automobiles, which create local air pollution), so the Foreign government...

Q:

The Cartesian coordinates of a point in the xy plane are ( 0 . 3 , 3 . 3 ) . Find the polar coordinates of the point.

Q:

Prove that entropy is a state function.

Q:

Derive an expression for work done by an ideal gas, in isothermal process.

Q:

One mole of a van der Waals gas undergoes a reversible isothermal expansion from an initial molar volume Vi to a final molar volume Vf. By using the First TdS equation find out how much heat has been...

Q:

Chekov Corpo- ration's statement of financial position at the end of 2014 included the following items. $ 30,000 120,000 Bonds payable Current lkabilities Share capital-ordinary Retained earnings...

Q:

Determine if the overhead allocated to the product relates to a single plantwide overhead rate method, multiple production department factory overhead rate method, or activity-based costing...

Q:

23. Investor choice (S16-4) Consider the following three tickets: Ticket A pays $10 if is elected as president, ticket B pays $10 if is elected, and ticket C pays $10 if neither is elected. (Fill in...

Q:

1. If the law firm takes the lease, it will invest $950,000 and, in effect, borrow $9,050,000, repaid by 19 installments of $950,000. What is the interest rate on this disguised loan?

Q:

25. Investor choice (S16-4) Suppose that new security designs could be patented.11 The patent holder could restrict use of the new design or charge other firms royalties for using it. What effect...