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The choice of the method of recording fair value adjustments in a business combination will be influenced by what factors?
On Jun 08, 2024
Choice of methods of recording fair value adjustments:
- Fair value adjustments can be made in the records of the subsidiary or as consolidation adjustments.
- If the group uses the revaluation model for property,plant and equipment and intangible assets,the fair value adjustments will be made in subsidiary accounts.If the cost model is used,the adjustments will be made on consolidation.