Treatment of any goodwill or bargain purchase gain

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Reference no: EM133064734

Question:

Explain the key accounting differences in the books of the parent, between the following purchase options

(i) Acquiring the individual assets and liabilities of an entity (assume this constitutes a business in accordance with AASB 3 ‘ Business Combinations')

(ii) Purchasing the shares of an entity which results in control including the treatment of any goodwill or bargain purchase gain.

Reference no: EM133064734

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