18 April 2017
Post merger or purchase, the unrealized profit on stock held by vendor co. as on the date of merger or purchase be derecognized in which of the the following cases 1) Vendor holding stock purchased from purchasing company 2) When two companies amalgamate and form a new company In 2 nd case it should be derecognized , but in 1 st case whether it should be derecognized or not?
CAclubindia
