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Business, 10.09.2021 05:10 AnaiyaKirksey8

In addition to the above, XYZ Co. has identifiable intangibles with a fair value of P5,000,000, not recognized on its books but appropriately capitalized by ABC Co. On January 1, 2020, ABC issues 400,000 shares of its stock, with a par value of P10/share and a market value of P100/share, to acquire XYZ Company’s assets and liabilities. SEC registration fees are P1,100,000, paid in cash.

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In addition to the above, XYZ Co. has identifiable intangibles with a fair value of P5,000,000, not...

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