Company GHI acquired 80% of Company JKL for P10,000,000, carrying value of Company JKL net assets at time of acquisition being P6,000,000 and fair value of these net identifiable assets being...


Company GHI acquired 80% of Company JKL for P10,000,000, carrying value of Company JKL net assets at time of acquisition being P6,000,000 and fair value of these net identifiable assets being P8,000,000. compute the amount f noncontrolling interest arising on consolidation (use full/gross-up goodwill)


A. 1,600,000
B. 2,500,000
C. 3,000,000
D. 1,200,000



Jun 02, 2022
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