Fair value adjustments relate to:
A) differences between fair value and carrying amount of parent assets and liabilities.
B) differences between fair value and carrying amount of subsidiary assets and liabilities.
C) both A and B.
D) none of the above.

Question

Quizplus · Accepted Answer

Fair value adjustments typically relate to the differences between the fair value and carrying amount of subsidiary assets and liabilities during consolidation.

Fair Value Adjustments Relate To