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IAS 28 requires that equity income be adjusted for the fair value differentials with a method that is consistent with the amortization method used by
IAS 28 requires that equity income be adjusted for the fair value differentials with a method that is consistent with the amortization method used by the associate. Match the below items to the amortization method that would most likely be required. You can use the same selection more than once.
6 Land 1. The first fiscal year after acquisition 2 Accounts receivable 2. When it's sold by the associate Current liabilities 2 Inventory 3 Depreciable assets 4 Long-term debt 3. Over the remaining useful life 4. Based on the effective interest rate method 5. Over a 5 year period 6. Based on impairment onlyStep by Step Solution
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