Mr. Ragnar Lothbrok acquired his business for P5,000,000. The fair market value of the business is P6,000,000.

Will it be more useful if accounting records were adjusted corresponding to the fair market value amount of the business?.

Question

02-12-2022
Economics

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Mr. Ragnar Lothbrok acquired his business for P5,000,000. The fair market value of the business is P6,000,000.

Will it be more useful if accounting records were adjusted corresponding to the fair market value amount of the business?.

Sagot :

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