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How much is the goodwill valued on

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Reference no: EM132832658

Problem 1: Rocky acquired Bamboo on December 31, 2020 for 500,000, Bamboo's Liabilities and Capital at that time were P90,000 and P350,00 respectively. How much is the goodwill valued on?

a. proportionate basis
b. fair value basis

Reference no: EM132832658

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