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Discuss which approach you support (GAAP or IFRS) related to consolidating financial statements at the date of acquisition. Explain your rationale. Create an alternative to

Discuss which approach you support (GAAP or IFRS) related to consolidating financial statements at the date of acquisition. Explain your rationale. Create an alternative to the current GAAP or IFRS requirements for consolidated financial statements. Explain why the new approach would be more appealing to companies.

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