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What is the amount of the increase or decrease

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Question - On October 1, 2021, ABC acquired the net assets of DEF which resulted to goodwill. When ABC issued its December 31, 2021, financial statements, the valuation of an acquired trademark was incomplete. ABC used P10,000,000 as provisional fair value of trademarks and determined a 5-year amortization life. ABC appropriately disclosed in its December 31, 2021 financial statements that the trademark was measured at a provisional amount. On April 30, 2022, the valuation of the trademark was finalized. The fair value of the acquisition date amounted to P212,000,000. What is the amount of the increase or (decrease) of the Goodwill in December 31, 2022?

Reference no: EM132973052

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