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Entity B is a first-time adopter of IFRS. Entity B has previously accounted for an investment that is classified as a joint operation under IFRS
Entity B is a first-time adopter of IFRS. Entity B has previously accounted for an investment that is classified as a joint operation under IFRS 11 using the equity method of accounting under other GAAP. What is one of the steps that Entity B is required to take when changing from the equity method to accounting for assets and liabilities in respect of its interest in a joint operation
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