What is 2 4 6

(1) The annual financial statements must contain all assets, debts, prepaid expenses and expenses and income, unless otherwise stipulated by law. Assets are to be included in the owner's balance sheet; if an asset is not economically attributable to the owner but to another, the latter must show it in his balance sheet. Debts are to be included on the debtor's balance sheet. The difference by which the consideration effected for the takeover of a company exceeds the value of the individual assets of the company minus the debts at the time of the takeover (acquired goodwill) is considered to be an asset that can be used for a limited period of time.
(2) Items on the assets side may not be offset against items on the liabilities side, expenses not with income, property rights not with property encumbrances. Assets that are not accessible to all other creditors and serve exclusively to meet debts from pension obligations or comparable long-term obligations are to be offset against these debts; The same applies to the associated expenses and income from discounting and from the assets to be offset. If the fair value of the assets exceeds the amount of the debts, the excess amount must be capitalized under a separate item.
(3) The valuation methods applied to the previous annual financial statements are to be retained. Section 252 (2) shall apply accordingly.