Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the total fair value of the inventories?
What is the total fair value of the inventories?
- P 296,000 (correct)
- P 112,000
- P 206,000
- P 124,000
What is the total fair value of the equipment?
What is the total fair value of the equipment?
- P 440,000
- P 520,000 (correct)
- P 360,000
- P 600,000
What is the total amount of Accounts Receivable?
What is the total amount of Accounts Receivable?
- P 124,000 (correct)
- P 136,000
- P 112,000
- P 150,000
What is the total amount of Goodwill in the Statement of Financial Position?
What is the total amount of Goodwill in the Statement of Financial Position?
Signup and view all the answers
What is the total amount of Bautista's Capital?
What is the total amount of Bautista's Capital?
Signup and view all the answers
What is the total amount of Bernaldo's Capital?
What is the total amount of Bernaldo's Capital?
Signup and view all the answers
How many authorized shares of P50 par ordinary share capital are there in Rainbow Corp.?
How many authorized shares of P50 par ordinary share capital are there in Rainbow Corp.?
Signup and view all the answers
At what price per share did Bautista and Bernaldo receive shares in exchange for the net assets of the partnership?
At what price per share did Bautista and Bernaldo receive shares in exchange for the net assets of the partnership?
Signup and view all the answers
