How much is the nci at the end

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Question - P Corporation, an SME, paid P3,000,000 for a 90% interest in 5 Company on January 1, 2019. The stockholders of 5 Company included share capital of P2,000,000 and retained earnings of P1,000,000. Of the excess of total consideration (purchase price plus NCI} over book valueF P200,000 is attributable to undervalued inventories and the remainder to goodwill. All inventories are sold in 2019. S's net income for the year is P522500 and P's net income is P1,500,000 including dividends received from S in the amount of P90,000.

1. How much is the NCI at the end of 2019?

2. Net Income Attributable to Parent.

Reference no: EM133122622

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