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Explain how marlin ltd is required to adjust for that error

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Question - Show the statement of financial position of Marlin Ltd after completion of the business combination. On 31 July 2013, Marlin Ltd became aware that there had been an error in measuring the fair value of the plant at 1 June 2013. It had in fact a fair value at that date of $36 000. Explain how Marlin Ltd is required to adjust for that error. Marlin Ltd's reporting period ends on 30 June.

Reference no: EM132958189

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