Parent plc acquired Son plc at the beginning of the year. At the end of the year
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Parent plc acquired Son plc at the beginning of the year. At the end of the year there were intangible assets reported in the consolidated accounts for the value of a domain name and customer lists. These assets did not appear in either Parent or Son’s statements of financial position.
Discuss why these assets only appeared in the consolidated accounts.
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Related Book For
Financial Accounting And Reporting
ISBN: 9781292255996
19th Edition
Authors: Barry Elliott, Jamie Elliott
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