Question: use the following information for the next three items: Use the following information for the next three items: Entity A issues shares in exchange for

use the following information for the next three items:

Use the following information for the next three items: Entity A issues shares in exchange for 100% interest in Entity B's net identifiable assets with fair value of P80. As a result of the business combination, Entity A's share capital and share premium increased by P30 and #70, respectively 2. The aggregate par value of the shares issued is $30. 3. The fair value of the consideration transferred is #70. 4. The business combination resulted to goodwill of P10

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