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Compute the unadjusted and adjusted goodwill

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Problem - On November 1, 20x1, Entity A acquired all the assets and liabilities of Entity B for P1,800,000. On this date, Entity B's assets and liabilities were valued at P2,600,000 and P900,000, respectively. The assets acquired include a trademark which was assigned a provisional amount of P300,000 because the fair value was not readily obtainable at acquisition date. The trademark has an indefinite useful life. On August 31, 20x2, Entity A confirmed that the acquisition-date fair value of the trademark was P200,000. Compute for the unadjusted and adjusted goodwill.

Reference no: EM132945977

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