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Question - Parent Company issued 50,000 shares of P100 par ordinary share for all outstanding shares of Subsidiary Company in a business combination consummated in July 1, 2020. Parent Company's ordinary shares was selling at P102 per share at the time of the consummation of the combination. Subsidiary Company's net asset on the date of acquisition has a carrying amount of P3,800,000. Out of pocket expenses of the combination were as follows:
Legal fees 50,000
Finder's fees 25,000
CPA audit fees 50,000
Printing of stock certificates 65,000
Required - Determine the amount charged to expense?
What are the acceptable inventory valuation methods under U.S. GAAP? How does each affect the valuation of inventory and cost of goods sold
On September 30, he gave 25 shares to his brother and 40 shares to his daughter. What are the Brother, Daughter, and Mr. Piteo's income
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white star flour company manufactures flour by a series of three processes beginning with wheat grain being introduced
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