Discuss the Role of Ratio Decidendi and Obiter Dicta in Establishing

question 34

Essay

Discuss the role of ratio decidendi and obiter dicta in establishing legal principle.

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Definitions:

Consolidation

The process in businesses where the financial statements of several departments or subsidiaries are combined to present as those of a single entity.

Previous Business Combination

Refers to a merger or acquisition that has occurred in the past where two or more entities combined to form a single entity.

Pre-acquisition Entry

Accounting entries made to record the assets and liabilities acquired from another company before the actual acquisition.

Shares in Subsidiary

Ownership stakes held in a subsidiary company by the parent company or other shareholders.