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    Total Costs P3,720,000

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    Love Freddy
    The document discusses the acquisition of assets including total costs of P3,720,000. It mentions a purchase price of P250,000, contingent consideration of P120,000, and goodwill of P70,000 after subtracting the fair value of net assets acquired from the purchase price. The document also notes a net income of P1,800,000 from the acquisition and an income from acquisition of P(500,000).

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    Total Costs P3,720,000

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    Love Freddy
    9 views18 pages
    The document discusses the acquisition of assets including total costs of P3,720,000. It mentions a purchase price of P250,000, contingent consideration of P120,000, and goodwill of P70,000 after subtracting the fair value of net assets acquired from the purchase price. The document also notes a net income of P1,800,000 from the acquisition and an income from acquisition of P(500,000).

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    The document discusses the acquisition of assets including total costs of P3,720,000. It mentions a purchase price of P250,000, contingent consideration of P120,000, and goodwill of P70,000 after subtracting the fair value of net assets acquired from the purchase price. The document also notes a net income of P1,800,000 from the acquisition and an income from acquisition of P(500,000).

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    9 views18 pages

    Total Costs P3,720,000

    Uploaded by

    Love Freddy
    The document discusses the acquisition of assets including total costs of P3,720,000. It mentions a purchase price of P250,000, contingent consideration of P120,000, and goodwill of P70,000 after subtracting the fair value of net assets acquired from the purchase price. The document also notes a net income of P1,800,000 from the acquisition and an income from acquisition of P(500,000).

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 18

    Total costs P3,720,000

    Purchase price P250Price paid (8,000 shares x


    P30) P240,000

    d14-3: c
    P3,600,000
    Contingent consideration 120,000
    Total net income P1,800,000

    d14-3: c
    Acquisition cost P245,000

    fair value at date of acquisition)

    14-7: d

    Income from acquisition P (500,000)

    d14-3: c
    P3,600,000
    Contingent consideration 120,000
    Total costs P3,720,000
    Contingent consideration 5,000
    Acquisition cost
    P3,600,000
    Contingent consideration 120,000

    14-2: b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Purchase price P250,000
    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    Income from acquisition P (500,000)

    d14-3: c
    b

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    d
    14-2: b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Inventory 380,000
    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    Less: Fair value of net assets acquired (P600,000 – P188,000) 412,000

    Debit to expenses:
    Broker’s fee P 50,000
    Pre-acquisition audit fee 40,000
    General administrative costs Bell’s assets at fair value
    600,000

    d14-3: c

    d14-3: c
    P3,600,000
    Contingent consideration 120,000

    14-2: b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Purchase price P250,000
    Less: Fair value of net assets acquired 180,000
    14-2: b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Purchase price P250,000
    Less: Fair value of net assTotal costs
    P3,720,000

    Purchase price P250Price paid (8,000 shares x


    P30) P240,000

    d14-3: c
    P3,600,000
    Contingent consideration 120,000
    Total net income P1,800,000

    d14-3: c
    Acquisition cost P245,000

    fair value at date of acquisition)

    14-7: d

    Income from acquisition P (500,000)

    d14-3: c
    P3,600,000
    Contingent consideration 120,000
    Total costs P3,720,000
    Contingent consideration 5,000
    Acquisition cost
    P3,600,000
    Contingent consideration 120,000

    14-2: b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Purchase price P250,000
    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    Income from acquisition P (500,000)

    d14-3: c
    b

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    d
    14-2: b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Inventory 380,000
    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    Less: Fair value of net assets acquired (P600,000 – P188,000) 412,000

    Debit to expenses:
    Broker’s fee P 50,000
    Pre-acquisition audit fee 40,000
    General administrative costs Bell’s assets at fair value
    600,000

    d14-3: c

    d14-3: c
    P3,600,000
    Contingent consideration 120,000

    ts acquired
    Cash P 160,000
    Purchase price P250,000
    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    Income from acquisition P (500,000)

    d14-3: c
    b

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    d
    14-2: b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Inventory 380,000
    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    Less: Fair value of net assets acquired (P600,000 – P188,000) 412,000

    Debit to expenses:
    Broker’s fee P 50,000

    Less: Fair value of net assets acquired


    Cash P 160,000
    Inventory 380,000
    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    Less: Fair value of net assets acquired (P600,000 – P188,000) 412,000

    Debit to expenses:
    Broker’s fee P 50,000
    Pre-acquisition audit fee 40,000
    General administrative costs Bell’s assets at fair value
    600,000

    d14-3: c

    d14-3: c
    P3,600,000
    Contingent consideration 120,000

    14-2: b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Purchase price P250,000
    Less: Fair value of net assets acquired 180,000
    14-2: b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Purchase price P250,000
    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    Income from acquisition P (500,000)
    d14-3: c
    b
    b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Inventory 380,000
    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    Less: Fair value of net assets acquired (P600,000 – P188,000) 412,000

    Debit to expenses:
    Broker’s fee P 50,000
    Pre-acquisition audit fee 40,000
    General administrative costs Bell’s assets at fair value
    600,000

    d14-3: c

    d14-3: c
    P3,600,000
    Contingent consideration 120,000

    14-2: b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Purchase price P250,000
    Less: Fair value of net assets acquired 180,000
    14-2: b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Purchase price P250,000
    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    Income from acquisition P (500,000)

    d14-3: c
    b
    b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Inventory 380,000
    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    Less: Fair value of net assets acquired (P600,000 – P188,000) 412,000

    Contingent consideration 120,000


    14-2: b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Purchase price P250,000
    Less: Fair value of net assets acquired 180,000
    Acquisition cost P245,000

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    d Price paid (8,000 shares x P30) P240,000


    Total costs P3,720,000

    Price paid (8,000 shares


    d
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    180,000
    Goodwill P70,000

    Purchase price (100,000 shares x P36) d

    Price

    14-2: b
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost d

    on cost P245,000

    P3,720,000
    d14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    Broker’s fee P 50,000


    Pre-acquisition audit fee 40,000
    General administrative costs Bell’s assets at fair value
    600,000
    d14-3: c

    d14-3: c
    P3,600,000
    Contingent consideration 120,000

    14-2: b
    Less: Fair value of net assets acquired
    Cash P 160,000
    Purchase price P250,000
    Less: Fair value of net assets acquired 180,000
    Acquisition cost P245,000

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    d Price paid (8,000 shares x P30) P240,000


    Total costs P3,720,000

    Price paid (8,000 shares


    d
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000

    Contingent consideration 120,000


    Total costs P3,720,000

    c
    P3,600,000
    Contingent consideration 120,000
    Total costs P3,720,000
    d14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration Acquisition cost
    P245,000

    d
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000
    d
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    d
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000
    x P30) P240,000
    Contingent consideration 5,000
    Acquisition cost P245,000

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisiti Goodwill P70,000

    Purchase price (100,000 shares x P36)

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    P3,600,000
    Contingent consideration 120,000
    Total costs P3,720,000
    d14-3: c
    P3,600,000
    Contingent consideration 120,000
    Total costs P3,720,000
    d14-3: c
    c
    P3,600,000
    Contingent consideration 120,000

    Prid

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    d
    Price paid (8,000 shares x P30) P240,000
    Contingent consideration 5,000
    Acquisition cost P245,000

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    Price paid (8,000 shares


    d
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    ce paid (8,000 shares
    d
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000

    Purchase price 0

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    Purchase price 0

    Prid

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    Price paid (8,000 shares


    d
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    ce paid (8,000 shares
    d
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000

    Purchase price 0

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    Purchase price 0

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000
    d

    Price

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000
    d

    Price

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000
    d

    Price

    d
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    d
    d
    d

    Price

    14-2: b
    d
    Price paid (8,000 shares x P30) P240,000
    Contingent consideration 5,000
    Acquisition cost P245,000

    14-2: b

    Purchase price P250,000


    Less: Fair value of net
    d14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    0
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000
    d

    Price

    14-2: b
    d
    P3
    d14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    0
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000
    Purchase price P250,000
    Less: Fair value of net assets acquired 180,000

    Less: Fair value of net assets acquired 180,000


    14-3: cd14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    P70,000

    14-3: c
    Price paid (8,000 shares x P30) P240,000

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    Pric Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    d
    14-2: b

    Purchase price P250,000


    Less: Fair value of net assets acquired d14-3: c
    P3,600,000
    Contingent consideration 120,000
    Total costs P3,720,000
    d14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000

    14-3: c
    d
    Total costs P3,720,000
    Less: Fair value of net assets acquired 180,000
    Goodwill-2: b

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000

    Purchase price P250,000


    Less: Fair value of net assets acquired Total costs
    P3,720,000
    Less: Fair value of net assets acquired 180,000
    Goodwill-2: b

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000

    Purchase price P250,000


    Less: Fair value of net assets acquired P3,600,000
    Contingent consideration 120,000
    Total costs P3,720,000
    d14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000
    4-
    P3,600,000
    Contingent consideration 120,000
    Total costs P3,720,000
    d14-3: c
    Purchase price (100,000 shares x P36) P3,600,000
    Contingent consideration 120,000
    Total costs P3,720,000
    : c
    P3,600,000
    Contingent consideration 120,000
    Total costs P3,720,000
    d14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000
    P3,600,000
    Contingent consideration 120,000
    Total costs P3,720,000
    d14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000
    4-
    P3,600,000
    Contingent consideration 120,000
    Total costs P3,720,000
    d14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000
    : c
    P3,600,000
    Contingent consideration 120,000
    Total costs P3,720,000
    d14-3: c

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000

    180,000
    Goodwill-2: b

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000

    Purchase price P250,000


    Purchase price P250,000
    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    -2: b
    Purchase price P250,000
    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    P70,000

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    -2: b

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000
    P70,000

    Price paid 14-3: c


    d
    Price paid (8
    Capital stock issued (600,000 shares x P10) P 6,000,000

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000
    d

    Price

    14-2: b
    d

    Price paid (8,000 shares x P30) P240,000


    Contingent consideration 5,000
    Acquisition cost P245,000

    14-2: b

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000

    14-3: c
    d
    14-3: c

    P2,550,000
    Less: Fair value of net assets acquired
    Current assets P1,100,000
    Plant assets 2,200,000
    Liabilities ( 300,000) 3,000,000
    Income from acquisition P( 450,000)

    APIC: [(P2,550,000 – P1,200,000) - P35,000*] P1,315,000


    *Costs of SEC registration P12,000
    Cost of issuing stock certificates 3,000
    Documentary stamp tax 20,000
    Total P35,000

    Price paid APIC: [(P2,550,000 – P1,200,000) - P35,000*] P1,315,000


    *Costs of SEC registration P12,000
    Cost of issuing stock certificates 3,000
    Documentary stamp tax 20,000
    Total P35,000

    APIC: [(P2,550,000 – P1,200,000) - P35,000*] P1,315,000


    *Costs of SEC registration P12,000
    Cost of issuing stock certificates 3,000
    Documentary stamp tax 20,000
    Total P35,000

    APIC: [(P2,550,000 – P1,200,000) - P35,000*] P1,315,000


    *Costs of SEC registration P12,000
    Cost of issuing stock certificates 3,000
    Documentary stamp tax 20,000
    Total P35,000

    APIC: [(P2,550,000 – P1,200,000) - P35,000*14-3: c


    d
    Price paid (8
    Capital stock issued (600,000 shares x P10) P 6,000,000

    Purchase price (100,000 shares x P36) P3,600,000


    Contingent consideration 120,000
    Total costs P3,720,000
    d

    Price

    14-2: b
    d
    Price paid (8,000 shares x P30) P240,000
    Contingent consideration 5,000
    Acquisition cost P245,000

    14-2: b

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000

    Purchase price P250,000


    Less: Fair value of net assets acquired 180,000
    Goodwill P70,000

    14-3: c
    d
    14-3: c

    ] P1,315,000
    *Costs of SEC registration P12,000
    Cost of issuing stock certificates 3,000
    Documentary stamp tax 20,000
    Total P35,000

    P2,550,000
    Less: Fair value of net assets acquired
    Current assets P1,100,000
    Plant assets 2,200,000
    Liabilities ( 300,000) 3,000,000
    Income from acquisition P( 450,000)

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