What the charged to business combination expenses

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Question - On January 31, 2020, Peculiar Inc. issued 100,000 shares of its P100 par value ordinary shares for the net assets of Shipwrecked, Inc. The market value of Peculiar's ordinary shares on January 31 was P116 per share. Peculiar paid a fee of P80,000 to the consultant who arranged this acquisition. Costs of registering and issuing the equity securities amounted to P40,000. No goodwill was involved in the purchase. The business combination is between two (2) SMEs. What the charged to business combination expenses?

Reference no: EM133189379

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