On December 31, 2015, PPP Company acquired the net assets of PB Corp. by paying cash....

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On December 31, 2015, PPP Company acquired the net assets of PB Corp. by paying cash. On that day, net assets of PPP Company amounted to P650,00 and PB Company's net assets totaled P750,000. Total consideration given by FHM amounts to P700,000. One year after the acquisition, the acquired assets gross selling price is at P690,00 net selling price is P675,000 and value in use is at 650,000. On December 31, 2016, how much is the impairment of goodwill? On December 31, 2015, PPP Company acquired the net assets of PB Corp. by paying cash. On that day, net assets of PPP Company amounted to P650,00 and PB Company's net assets totaled P750,000. Total consideration given by FHM amounts to P700,000. One year after the acquisition, the acquired assets gross selling price is at P690,00 net selling price is P675,000 and value in use is at 650,000. On December 31, 2016, how much is the impairment of goodwill?

Answer rating: 100% (QA)

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