Appendix B of AASB 3/IFRS 3 Requires Disclosure of Which

question 3

Multiple Choice

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

• 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:

Economic Duress

This involves the use of unlawful pressure or threats by one party to compel another party to act in a way that is against their will or financial interest.

Subjective Evidence

Information or proof based on personal feelings, opinions, or tastes, rather than concrete facts.

Acquiesce

The reluctant acceptance or agreement without protest, often implicitly.

Peerless

Unique and having no equal; often used in legal contexts to describe something that has no identical counterpart.