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How the additional shares acquisition should be presented

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Reference no: EM132504668

Question for step-acquisition (under IFRS)

Situation: The parent company has previously had control over the investee and it purchases additional shares during the financial year

Required:

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: EM132504668

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