14-11: d

Consideration given:

Cash P270,000

Stocks issued at fair value 330,000

Total P600,000

Less: fair value of net assets acquired:

Cash P40,000

Inventories 100,000

Other current assets 20,000

Plant assets (net) 180,000

Current liabilities (30,000)

Other liabilities (40,000) 270,000

Goodwill P330,000

Total assets after combination:

Total assets before combination P 760,000

Cash paid (P270,000 + P70,000) (340,000)

Registration and issuance costs of shares issued ( 30,000)

Polos assets after combination P 390,000

Assets acquired at fair values 340,000

Goodwill 330,000

Total assets after combination P1,060,000

14-12: d
 Price paid P1,400,000

Less: Fair value net assets acquired 1,350,000

Goodwill P 50,000

14-13: a

Price paid P160,000

Less: Fair value of net identifiable assets acquired:

Current assets P 80,000

Non-current assets 120,000

Liabilities ( 20,000) 180,000

Income from acquisition P(20,000)

Non- current assets P120,000

14-14: c

Price paid P600,000

Less: Fair value of identifiable assets acquired:

Cash P 60,000

Merchandise inventory 142,500

Plant assets (net) 420,000

Liabilities (135,000) 487,500

Goodwill P112,500