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How much is the goodwill valued on proportionate basis

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Question - Rocky acquired 80% of Bamboo on December 31, 2020 for 500,000, Bamboo's Liabilities and Capital at that time were P90,000 and P350,00 respectively. Bamboos net assets reflect the current market values. How much is the goodwill valued on proportionate basis?

Reference no: EM132905760

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