On December 31, 2015, Ted Company paid P950,000 for 95% of the outstanding common stock of Robin Company. The remaining 5% was held by a stockholder who was unwilling to sell the stock. Robin's net assets had a book value of P 810,000 and a fair market value of P 900,000 when it was acquired by Ted. If Robin uses push-down accounting, the non-controlling interest should be reported at_________? Show your Calculations.

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Heres how to calculate the noncontrolling interest NCI at book value using pushdown accounting 1 Cal... View the full answer