For a Tangible Asset to Be Recognised by an Acquirer

question 5

Multiple Choice

For a tangible asset to be recognised by an acquirer under a business combination it must be probable that future economic benefits will flow to the acquirer and:

• A) it must be a current item.
• B) it may not be a non-monetary asset.
• C) its fair value can be reliably measured.
• D) it must be measured using the present value method.