Consolidated Financial Statements

Question 1

What are the main principles for applying the acquisition method are?

Answer 1

Recognition and measurement principle

Question 2

What does the acquirer recognize?

Answer 2

All of the subsidiary’s assets and liabilities including identifiable intangible assets

Question 3

What does the acquirer measures?

Answer 3

Each recognized asset and liability and any noncontrolling interest at its acquisition date fair value