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10 Cards in this Set

  • Front
  • Back
1st step
Fair value adjustment
2nd step
Eliminate investment against pre acquisition equity
3rd step
Extra depreciation on revalued asset
4th step
Tax effect on extra depreciation
5th Step
Intragroup sale of assets (non depreciable/ depreciable)
6th Step
Unrealized profit from opening inventory
7th step
intra group inventory sale
8th step
-Reverse transfer out of pre acquisition retained earnings
-Reverse management fee
-Reverse inter-entity loans
9th step
any Impairment of goodwill?
10th step
-Eliminate dividend paid (from revenue)
-Eliminate dividend declared (from revenue)
-Eliminate receivable/payable on dividend declared