question archive On January 1, 2020, Juluis Company acquired 40% interest in Ella Company for P4,800,000
On January 1, 2020, Juluis Company acquired 40% interest in Ella Company for P4,800,000
Subject:AccountingPrice:2.86 Bought3
On January 1, 2020, Juluis Company acquired 40% interest in Ella Company for P4,800,000. Juluis already had 25% interest which had been acquired for P1,600,000. The fair value of the identifiable net assets of Ella Co. was P8,400,000. How much is the goodwill recognized by Juluis as a result of business combination
