Appendix B of AASB 3/IFRS 3 Business Combinations Requires Disclosure

question 20

Multiple Choice

Appendix B of AASB 3/IFRS 3 Business Combinations requires disclosure of which of the following? I. Details of contingent consideration.
II) The date of exchange.
III) Carrying amounts of assets and liabilities in business combinations where shares are acquired.
IV) A qualitative description of the factors that make up goodwill.

• A) I, II and IV only
• B) I, III and IV only
• C) I, II and III only
• D) I, II, III and IV

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Definitions:

Acupuncture

A form of alternative medicine involving the insertion of needles into the skin at specific points to alleviate pain or to treat various health conditions.

Ayurvedic Herbs

Ayurvedic herbs are plants with medicinal properties used in Ayurveda, a traditional system of medicine from India focused on natural healing and balance.

Therapeutic Touch

A holistic approach to healing that involves the manipulation of a person’s energy field to help balance their physical, emotional, and spiritual well-being.

Blocked Chakra

In certain spiritual traditions, a condition where the flow of energy through the body's chakras is obstructed, possibly affecting physical and emotional health.