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:

Democratic Politics

A political system where governance is based on the principles of democracy, including fair elections, representation, and the protection of civil liberties.

Open Diplomacy

A form of diplomacy in which the proceedings and agreements are made public, in contrast to secret diplomacy.

Economic Ties

Connections between countries or regions based on trade, investment, and financial activities, influencing their economic stability and growth.

Neutral

A state or position of not supporting or helping either side in a conflict or disagreement.