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Question 14 of 20 1 Point Minor Corporation reports net assets of P300,000 at book...

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Question 14 of 20 1 Point Minor Corporation reports net assets of P300,000 at book value. These assets have an estimated market value of P350,000. If Major Corporation buys 80 percent ownership of Minor for P275,000 The noncontrolling interest will be reported in the amount of: Select the correct response: O P71,250 O P60,000 P55,000 P70,000

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