Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

تمرين 18

P Company acquired the S Company for an agreed value of $900,000 and issues its common stock to make the deal. The fair value of the Company S net identifiable assets is $800,000. The issue costs of the stock used for payment is $50,000. If P Company was eligible to use IFRS for SME's and decided to do so, how would the recording of the transaction differ from U.S. GAAP?