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Identifiable net assets method

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Reference no: EM132478748

Point 1: On December 31, Year 1, P Company purchased 90% of the outstanding shares of S Company for $8,887.50 cash. The statements of financial position of the two companies immediately after the acquisition transaction appear below.

Question 1: consolidated statement of financial position at the date of acquisition under each of the following:

a) Identifiable net assets method (parent company extension approach)

b) Fair value entity method.

Attachment:- fair value.zip

Reference no: EM132478748

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