Guys, IMO they will report a "Bargain Purchase" recognized by GAAP and IFRS and record as such.
"Where an acquirer makes a bargain purchase, where the consideration is less than the net assets acquired; the acquirer reassesses the fair values of assets and liabilities acquired. If it is still a bargain purchase then the excess is recognised immediately in profit or loss on the acquisition date."
AKK Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
