Question: Explain on pre and post - acquisition profits and how to account for it in the process of preparation of group consolidation. Example may be

Explain on pre and post - acquisition profits and how to account for it in the process of preparation of group consolidation. Example may be used for illustration.

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Preacquisition profits are the reserves which exist in a subsidiary company at the date when it is acquired These are included in the goodwill calcula... View full answer

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