Appendix a of IFRS 3provides an Extensive List of What

question 50

Multiple Choice

Appendix A of IFRS 3provides an extensive list of what must be disclosed for each Business Combination. Which of the following items is NOT included in that list?

• A) The acquisition-date fair value of the total consideration given.
• B) The amounts recognized as of the acquisition date for each major class of assets and liabilities assumed.
• C) Legal, contractual and regulatory restrictions and the carrying amount of the assets and liabilities to which those restrictions apply.
• D)The net assets of both companies at book value as disclosed in the financial statements of each company prior to the business combination.

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Definitions:

Careers as Professionals

Employment paths that typically require specialized knowledge and qualifications in fields such as medicine, law, or engineering.

College Degrees

Certifications awarded by colleges and universities upon completion of a course of study, demonstrating academic achievement in a specific field.

Share

A unit of ownership in a corporation or financial asset that provides an equal distribution in any profits, in the form of dividends, and assets if the company is dissolved.

Operational Efficiency

The ability of an organization to minimize waste and maximize outputs from given inputs, often through improvements in processes and technology.