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How is each element consistent with ifrs

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Question - Use the 2019 Annual Report (MD & A) and Consolidated Financial Statements for the 52 weeks ended May 4, 2019 of Empire Company Limited, read it carefully and highlight anything related to business combinations.

Make a report with the following three sections:

1. Overview of the acquisition of Farm Boy (just Farm Boy, not Kim Phat).

2. A detailed analysis of accounting for business combination regarding the acquisition of Farm Boy (can be done in a table format)

How did Empire's accountants account for each element (each asset and liability acquired) of the transaction

How is each element consistent with IFRS and with what we learned from the text book?

Whether or not other choices could have been available or not for each element?

Your conclusion as to whether what we learn in class applies in real life.

Reference no: EM132655762

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