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    Investors On Joint Arrangement

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    Rizza Mae Eud
    Investors in a joint arrangement do not have joint control over the arrangement, while owners in a joint venture can have both joint control over key decisions and passive investors who do not participate in decisions. When acquiring interests in joint operations, identifiable assets and liabilities should be measured at fair value, acquisition-related costs recognized as incurred, and deferred tax assets/liabilities recognized from asset and liability recognition, with any excess consideration recognized as goodwill which is tested annually for impairment.

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    Investors On Joint Arrangement

    Uploaded by

    Rizza Mae Eud
    73 views1 page
    Investors in a joint arrangement do not have joint control over the arrangement, while owners in a joint venture can have both joint control over key decisions and passive investors who do not participate in decisions. When acquiring interests in joint operations, identifiable assets and liabilities should be measured at fair value, acquisition-related costs recognized as incurred, and deferred tax assets/liabilities recognized from asset and liability recognition, with any excess consideration recognized as goodwill which is tested annually for impairment.

    Original Description:

    afar

    Original Title

    Afar Report

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    Investors in a joint arrangement do not have joint control over the arrangement, while owners in a joint venture can have both joint control over key decisions and passive investors who do not participate in decisions. When acquiring interests in joint operations, identifiable assets and liabilities should be measured at fair value, acquisition-related costs recognized as incurred, and deferred tax assets/liabilities recognized from asset and liability recognition, with any excess consideration recognized as goodwill which is tested annually for impairment.

    Copyright:

    © All Rights Reserved
    73 views1 page

    Investors On Joint Arrangement

    Uploaded by

    Rizza Mae Eud
    Investors in a joint arrangement do not have joint control over the arrangement, while owners in a joint venture can have both joint control over key decisions and passive investors who do not participate in decisions. When acquiring interests in joint operations, identifiable assets and liabilities should be measured at fair value, acquisition-related costs recognized as incurred, and deferred tax assets/liabilities recognized from asset and liability recognition, with any excess consideration recognized as goodwill which is tested annually for impairment.

    Copyright:

    © All Rights Reserved
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    Investors on Joint Arrangement

     Investor in a joint arrangement is a party to a joint arrangement and do nit have joint
    control over that joint arrangement

     Joint venture could have some owners who have joint control over the key decisions and
    passive investors who do not participate in key decisions but receives returns on
    investments

    Accounting for Acquisitions of Interests in Joint Operations

    Principles in business combinations accounting:

    a. Measuring identifiable assets and liabilities at fair value

    b. Recognizing acquisition-related costs at the period in which the costs are incurred

    c. Recognizing deferred tax assets and deferred tax liabilities that arise from the recognition
    of assets and liabilities

    d. Recognizing the excess of the consideration transferred over the net of the acquisition
    date amounts the identifiable assets acquired and liabilities incurred

    e. Testing for impairment a cash generating unit to which goodwill has been allocated at
    least annually

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