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What is percentage of the controlling interest

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Question - Pie Company acquired a controlling interest in Sweet Company for P240,000 in the open market. The 100 par value capital stock of Sweet Company at the date of acquisition was P250,000 and its retained earnings was P100,000. The market value of per share of Sweet Company is P120 per share.

What is percentage of the controlling interest?

How many shares were acquired by Pie Company?

Reference no: EM133095461

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