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Q 1:At acquisition date, the net assets of the acquired subsidiary are included in the consolidated financial statements at their acquisition date fair value. However,
Q 1:At acquisition date, the net assets of the acquired subsidiary are included in the consolidated financial statements at their acquisition date fair value. However, most of the parents assets and liabilities are measured on an historical cost basis. Is this consistent? Explain. write answer in 600 to 800 words.
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