Purchase transaction and the external reporting requirements

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Reference no: EM133496579

Question: The accounting for a net asset purchase requires the acquirer record all the assets and liabilities acquired in its own financial records. Accounting for this form of business combination is simpler than a business combination transacted in the form of a share purchase.
When shares are purchased, two significant differences occur from the viewpoint of the purchase transaction and the external reporting requirements under IFRS?

Reference no: EM133496579

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