Conclusion - The applicability of using the Equity Method or Acquisition Method is identical under US GAAP and IFRS.
This is true but I had as false.
I had it as false cause I was thinking of Goodwill. Under IFRS you can use Partial of Full goodwill for IFRS and you must use Full Goodwill for US GAAP. From that i figure the applicability of the acquisition method differs between US GAAP and IFRS.
I think I’m not understanding the statement though. If somebody could clarify the conclusion cause I dont understand why I’m wrong.