Before Recognising a Gain on a Bargain Purchase,the Acquirer Shall

question 9

Multiple Choice

Before recognising a gain on a bargain purchase,the acquirer shall review the procedures used to measure the amounts that AASB 3 requires to be recognised at the acquisition date for which of the following:

• A)the consideration transferred
• B)the non- controlling interest in the acquiree,if any
• C)the identifiable assets acquired and liabilities assumed
• D)all of the above

---

Definitions:

Consumption

The usage of resources or products for the purpose of satisfying human needs or wants.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Income

The monetary payment received for one's work, investments, or other sources, primarily used for personal consumption, savings, and investment.

Present Value

The present value of an expected amount of money or sequence of cash flows, with a given return rate.