Question: show the solution. PROBLEM 7. On July 1, 2013, Issue Company purchased 80% of the outstanding shares of Intrigue Company at a cost of P1,600,000.

show the solution. PROBLEM 7. On July 1, 2013, Issue Company purchased 80% of the outstanding shares of Intrigue Company at a cost of P1,600,000. On that date, Intrigue had P1,000,000 of capital stock...

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