What is fair value and why is it relevant to consolidation accounting?

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What is ‘fair value’ and why is it relevant to consolidation accounting?

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Financial Accounting

ISBN: 9781743767382

9th Edition

Authors: Craig Deegan

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Question Posted: Sep 15, 2023 08:23 AM

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What is fair value and why is it relevant to consolidation accounting?

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Fair value is defined in AASB 3 and in other accounting standards as The price that would be received to sell an asset or paid to transfer a liability ...View the full answer

Financial Accounting

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