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When accounting for an associate, fair value adjustment (FVA) entries are recorded at the date of acquisition
When accounting for an associate, fair value adjustment (FVA) entries are recorded at the date of acquisition.
a) true
b) false
Expert Solution
When Accounting for an Associate company , the Equity Method is used and the Associate is treated as Invesment.
The Investment is recorded at cost and not at fair value. So, no fair value adjustment entries are made while making
the investment .
Therefore the given statement is false.
Option b) false is correct.
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