In a business combination achieved in stages, the acquirer shall remeasure its previously held equity interest in the acquiree at its acquisition-date fair value and recognise the resulting gain or loss, if any, in profit or loss or other comprehensive income.

Question

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This is in accordance with IFRS 3 Business Combinations. The acquirer must remeasure its previously held equity interest in the acquiree at the acquisition-date fair value and recognize any resulting gain or loss in profit or loss or other comprehensive income.

In a Business Combination Achieved in Stages, the Acquirer Shall