Question: Question 8 0.5 points Save Answer lan Ltd acquired all issued shares of Cane Ltd. Cane Ltd recorded goodwill in its books prior to being

Question 8 0.5 points Save Answer lan Ltd acquired all issued

Question 8 0.5 points Save Answer lan Ltd acquired all issued shares of Cane Ltd. Cane Ltd recorded goodwill in its books prior to being acquired by lan Ltd. In preparing the consolidated financial statements of lan Ltd's group, this goodwill recorded by Cane Ltd must: be recognised only if it's purchased goodwill be recognised at carrying amount on acquisition not be recognised in the business combination be recognised at fair value on acquisition

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