Explain Why Revaluations of the Assets of a Subsidiary at Acquisition

question 17

Essay

Explain why revaluations of the assets of a subsidiary at acquisition date are normally recorded in the consolidation worksheet and not in the accounting records of the subsidiary.

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Definitions:

Postmodernism

An intellectual stance or mode of discourse defined by an attitude of skepticism toward what it describes as the grand narratives and ideologies of modernism, emphasizing pluralism, relativism, and diversity.

Eclectic Mixing

Combining elements from various sources or styles to create something new or to enhance understanding.

Consumerism

The emphasis on or preoccupation with the acquisition of consumer goods.

Sociobiologists

Scientists who study the biological basis of social behavior across species, emphasizing the role of genetic and evolutionary factors.