Question
If the assets of a subsidiary are reported at below fair value in the balance sheet at the date of acquisition, and a fair value
If the assets of a subsidiary are reported at below fair value in the balance sheet at the date of acquisition, and a fair value adjustment is not undertaken as part of the consolidation process, will goodwill be overstated? Why or why not?
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Excel For Auditors
Authors: Bill Jelen, Dwayne K. Dowell
1st Edition
1932802169, 978-1932802160
