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sir i have a small doubt but its important can u please let me know why are we using 280 for fair value of previous consideration in caller and not 310 as the financial statement is made for may 2013
Hi,
We are using the fair value of when Caller became part of the Trailer group which was on 31 May/1 June 2012.
The 310 is the fair value at the reporting date that we use to work out the change in the value of the investment since acquisition. This increase in value is removed on consolidation as we’re treating the group as a single entity.
Thanks
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