In applying the predecessor method of accounting, the carrying values of the assets and liabilities of the
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In applying the predecessor method of accounting, the carrying values of the assets and liabilities of the acquiree reported in the consolidated financial statements of the ultimate parent company that has common control over the combining entities is used. Such carrying values will include the goodwill and fair value adjustments that relates to the acquiree that is recorded in the ultimate parent’s consolidated financial statements.
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Advanced Financial Accounting An IFRS Standards Approach
ISBN: 9781285428765
4th Edition
Authors: Pearl Tan, Chu Yeong Lim, Ee Wen Kuah
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