AASB 3Business Combinations prohibits the revaluation of the assets of the subsidiary at acquisition date in the records of the subsidiary.

Name: AASB 3Business Combinations prohibits the revaluation of the assets of the subsidiary at acquisition date in the records of the subsidiary.
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AASB 3 requires the assets and liabilities of the subsidiary to be measured at their fair values at the acquisition date in the consolidated financial statements, not prohibiting revaluation in the subsidiary's records.

AASB 3Business Combinations Prohibits the Revaluation of the Assets of the Subsidiary