IFRS 10 Consolidated Financial Statements Outlines the Requirements for Identifying

question 17

Multiple Choice

IFRS 10 Consolidated Financial Statements outlines the requirements for identifying the company that is the acquirer in a business combination when it's not clear who that is. Which is NOT a consideration in determining which company is the acquirer?

• A) If the means of payment is cash, which party is paying the cash.
• B) Relative holdings of voting shares in the combined entity.
• C) Voting rights of the respective parties after the combination of their businesses.
• D) Any by-laws or provisions of the incorporation acts of each company that details the manner in which a business combination will occur at law.

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