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Question - Parent Company acquired 15% of Subsidiary Company's common stock for P500,000 cash and carried the investment using the cost method. A few months later, Parent purchased another 60% of Subsidiary's stock for P2.160,000. At that date, Subsidiary had identifiable assets of P3,900,000 and a fair value of P5,100,000, and had liabilities with a book value and fair value of P1,900,000. The fair value of the 25% non-controlling interest is P900,000. Find the amount of goodwill to be recognized resulting from this combination?
Ryan is debating whether to gift property during his lifetime or to let his heirs inherit. What would be a good strategy for him
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