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Explain to management on two options as prescribed

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Reference no: EM132519644

HKFRS 3 allows measurement of non-controlling interests (NCI) at acquisition date under two options.

Your company has just obtained control of a supplier through acquisition of 55% of its equity. The management approaches you on the choice of options.

Required:

Question a) Explain to management on the two options as prescribed under HKFRS 3.

Question b) Advise the management which option you will choose and explain why.

Reference no: EM132519644

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