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it was not a direct purchase but the substance of that transaction needed to be considered rather than just a legal form……according to which the accounting boundary of 50% holding and control has been crossed… if i am not wrong it should be a step acquisition
it was surely a step acquisition because investment of B in H has changed from 25% (Associate) to 67% (sub-subsidiary)
Thanks tutor for ur answer! yes i will surely have a look at updated revision kit now! 🙂
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