Question: ZERO TWO Company, a large multinational technology company which is behind the latest humanoid product called FRANXX, purchased 30% of the outstanding ordinary shares of

ZERO TWO Company, a large multinational technology company which is behind the latest humanoid product called FRANXX, purchased 30% of the outstanding ordinary shares of HIRO Corporation, a rising technology company for 5,600,000 at the beginning of 2020. The acquisition cost is composed of the following: 1,600,000 was paid in cash and 4,000,000 is in a form of note that will be payable 10 years from now and is bearing 12% annual interest at every year-end. HIRO's shareholders' equity as of the time of acquisition has a balance of 18,000,000.

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