(d) Please note: the maximum word count for this requirement is 400 words. IFRS 3 requires acquirers to account for the cost of the acquisition and assets acquired and liabilities assumed at their acquisition date fair values. Evaluate the extent to which these fair values provide information that is useful to the users of financial statements. You should consider the characteristics of financial Information according to the conceptual framework as part of your answer. (10 marks]

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