In the case of group organization when a new company is inserted within an existing group, in
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In the case of group organization when a new company is inserted within an existing group, in accounting for the transaction as a continuation of the existing group, the full year results of the new company and the existing group should be presented in the consolidated financial statements of the new company for both the current year and the previous financial year.
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Advanced Financial Accounting An IFRS Standards Approach
ISBN: 9781285428765
4th Edition
Authors: Pearl Tan, Chu Yeong Lim, Ee Wen Kuah
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