The ₱36,000 stock issuance costs are deducted from share premium.

The ₱60,000 finder’s fees are expensed. The ₱280,000 l

ees are expensed. The ₱280,000 liquidation costs are post-combination expenses. All of these do not affect the computation of goodwill.
fect the computation of goodwill. 7. Solution: Consideration transferred 2,800,000 Non-controlling interest in the acquire - Previously hel
est in the acquire - Previously held equity interest in the acquiree - Total 2,800,000 Fair value of net identifiable assets acquired (4M + 10
ntifiable assets acquired (4M + 100K patent + 160K R&D + 40K intangible asset on operating lease w/ favorable terms –1.6M) (2,700,000)
vorable terms –1.6M) (2,700,000) Goodwill 100,000 8. Solution: Consideration transferred 1,800,000 NCI (2.2M ‘see below’ x 25%) 550,00
I (2.2M ‘see below’ x 25%) 550,000 Previously held equity interest in the acquiree - Total 2,350,000 Fair value of net identifiable assets ac
value of net identifiable assets acquired (4M – 1.6M – 200K contingent liability) (2,200,000) Goodwill 150,000 9. Solution: Consideration
50,000 9. Solution: Consideration transferred 4,000,000 Non-controlling interest in the acquiree - Previously held equity interest in the ac
usly held equity interest in the acquiree - Total 4,000,000 Fair value of net identifiable assets acquir