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Find how additional shares acquisition should be presented

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Reference no: EM132505155

Situation: The parent company has previously held some of the investee's shares (without control, joint control or significant influence) and later obtains control over the investee after acquisition of additional shares in the financial year

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Question 1: Provide examples to show (with journal entries and calculations) how the additional shares acquisition should be presented in the parent's separate financial statements and in the group's consolidated financial statements. Ignore tax effects.

Reference no: EM132505155

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