2. Apple Company purchases 80 percent of Mango. At the date of acquisition, Mango has revenue of P250,000 and expenses of P170,000. What amount of pre-acquisition earnings will be created on the...

2. Apple Company purchases 80 percent of Mango. At the date of acquisition,<br>Mango has revenue of P250,000 and expenses of P170,000. What amount of<br>pre-acquisition earnings will be created on the consolidated income<br>statement at the acquisition date?<br>

Extracted text: 2. Apple Company purchases 80 percent of Mango. At the date of acquisition, Mango has revenue of P250,000 and expenses of P170,000. What amount of pre-acquisition earnings will be created on the consolidated income statement at the acquisition date?

Jun 10, 2022

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2. Apple Company purchases 80 percent of Mango. At the date of acquisition, Mango has revenue of P250,000 and expenses of P170,000. What amount of pre-acquisition earnings will be created on the...

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