Measurement of assets, liabilities, intangible assets

Measurement of assets, liabilities, intangible assets, non-controlling interest, recognition of goodwill etc. in case of business combination is acquisition-date sensitive. Hence, it is very critical to determine the acquisition date. Acquisition date is the date on which the acquirer obtains effective control of the acquiree. Usually,the date on which the acquirer legally transfers the consideration, acquires the assets, and assumes the liabilities of the acquiree - the “closing date”.

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