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please guide with reference and double entry.
in IFRS 3 - Business Combinations by

1 Answer

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Your question is not so clear to me. The measurement principle (IFRS 3.18–20) is that assets and liabilities that qualify for recognition are measured at their acquisition-date fair values. You need to recognize the inventories in your book at the acquisition date fair value. Sale after the acquisition is recorded as usually.
by Level 5 Member (25.6k points)