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MFRS 3 Business Combinations permits a non-controlling interest at the date of acquisition to be valued by one of two methods: i. at its proportionate
MFRS 3 Business Combinations permits a non-controlling interest at the date of acquisition to be valued by one of two methods: i. at its proportionate share of the subsidiary's identifiable net assets or ii. at its fair value. Required: Explain the difference that the accounting treatment of these alternative methods could have on the consolidated financial statements, including where consolidated goodwill may be impaired. (10 marks)
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