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    Exam 19: Consolidation: Wholly Owned Subsidiaries
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    Where the Carrying Amount of a Non-Current Asset Is More
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Where the Carrying Amount of a Non-Current Asset Is More

Question 18

Question 18

True/False

Where the carrying amount of a non-current asset is more than its fair value at the date of acquisition,the difference is reflected in the deferred tax liability in the business combination valuation entries.

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