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Where we have crossed the accounting boundary and have now acquired control, for the purposes of computing goodwill we need to revalue the previously held equity interest and any resulting gain/(loss) should be reported in P&L.
Question sir, if an irrevocable decision was made to classify the previously held interest as FVTOCI initially, where should the resulting gain/(loss) following the re measurement be reported?
Please advise sir.
But sir i have seen in your videos that you have made mentioned about step acquisitions.
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