Assignment>Open Assignment ASSIGNMENT RESOURCES Question 1 When an acquirer acco

Question

Assignment>Open Assignment ASSIGNMENT RESOURCES Question 1 When an acquirer accounts for a business combination, they have to consider which of the following? Online Quiz I. Recognition of the identifiable assets acquired II. Measurement of the identifiable assets acquired III. Recognition of the liabilities assumed. V. Measurement of the liabilities assumed. Question 5 Question 6 Question 11 and only O I and II only O I and III only 0 I. II, III and Question1 Question 12 Question 13 Question1 Question Attempt Question i

Explanation / Answer

Solution:

Business Combination is a transaction in which the acquirer obtains control of another business.

IFRS establishes principles and requirements for how the acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquire.

Hence, when an acquirer accounts for a business combination, they have to consider all the following:

- Recognition of the identifiable assets acquired

- Measurement of the identifiable assets acquired

- Recognition of the liabilities assumed

- Measurement of the liabilities assumed

Hence, the correct option is I, II, III and IV

Hope the above calculations, working and explanations are clear to you and help you in understanding the concept of question.... please rate my answer...in case any doubt, post a comment and I will try to resolve the doubt ASAP…thank you

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.