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Assume that an asset of the subsiadiary is remeasured (revalued) at the acquisition date through a proforma journal (fair value adjustments). The subsidiary subsequetly sells

Assume that an asset of the subsiadiary is remeasured (revalued) at the acquisition date through a proforma journal (fair value adjustments). The subsidiary subsequetly sells the asset and therefore the asset is no longer part of the assets controlled by the group. True or false, the group will continue to account for the acquisition date remeasurement (revaluation) of the asset as part of its consolidation adjustments every time it prepares its consolidated financial statements. Question 8Select one: True False

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