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  3. entity a acquires 60% of the ownership of entity b

Entity A acquires 60% of the ownership of Entity B. The goodwill on acquisition was...

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Accounting

Entity A acquires 60% of the ownership of Entity B. The goodwill on acquisition was P36 million, and the carrying amount of Entity Bs net assets in the consolidated financial statements is P90 million at December 31, 2019. The recoverable amount of the cash generating unit B is P120 million at December 31, 2019. The carrying amount of goodwill after recording impairment loss, if any, as of December 31, 2019 is

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