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:

Managing Quality

Involves overseeing operations and processes to ensure that products or services are meeting predefined standards and customer expectations.

Productivity

A measure of the efficiency of production, often quantified as the ratio of outputs to inputs in a production process.

Operations Manager

A role responsible for overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods and services.

OM Function

Operations management function, which involves the responsibility for planning, organizing, and supervising the processes that produce a company's goods or services.