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  3. 9. which of the following statements is incorrect?

9. Which of the following statements is incorrect? Select one: The pre-acquisition entry...

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Accounting

9. Which of the following statements is incorrect?

Select one:

The pre-acquisition entry only adjusts for the parents share of the pre-acquisition

equity

The NCI share of equity at acquisition date is adjusted for its share of any gain on bargain purchase

Any gain on bargain purchase is recognised in the pre-acquisition entry.

The NCI is unaffected by the existence of any gain on bargain purchase

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