Question: There is already an answer please show the computation d. P2,000 29. Maynard Corporation reports net assets of P300,000 at book value. These assets have

There is already an answer please show the computationThere is already an answer please show the computation d. P2,000 29.

d. P2,000 29. Maynard Corporation reports net assets of P300,000 at book value. These assets have an estimated market value of P350,000. Jim Corporation buys 80% ownership of Maynard for P300,000; there is a control premium of P10,000 included in the purchase price. Of the Goodwill reported in the consolidated balance sheet (as of date of acquisition), how much is attributable to the non-controlling interest? a. P3,000 b. P5,000 c. P2,500 d. P4,500

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