The following is an extract from the Accounting Policy in the 1999 Annual Repoi t of Schmalbach-Lubeca
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The following is an extract from the Accounting Policy in the 1999 Annual Repoi t of Schmalbach-Lubeca AG:
Capital consolidation of the subsidiaries included in the financial statements is carried out on the basis of the date of acquisition according to the book value method (in line with Art. 301, Para. I, Item I of the HGB).
Required: Explain what differences there would be in the consolidation procedures if IFRS 3 Business Combinations were applied.
LO21-3
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Related Book For 
Financial Accounting And Reporting
ISBN: 9780273703648
10th Edition
Authors: Mr Barry Elliott, Jamie Elliott
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