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On April 2016, J Ltd bought a trademark from I Ltd for ?40 lakhs. J Ltd retained an independent valuer, who estimated the trademark

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The syllabus (with weightage):
A. GAAP and Accounting Standards 20%
B. Accounting of Business Combinations & Restructuring 20%
C. Consolidated Financial Statements 20%
D. Developments in Financial Reporting 25%
E. Government Accounting in India 15%


On April 2016, J Ltd bought a trademark from I Ltd for ?40 lakhs. J Ltd retained an independent valuer, who estimated the trademark






 
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