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AASB3
An Australian Accounting Standard (AASB 3) that specifies the accounting requirements for business combinations, including how to account for goodwill and acquired identifiable assets and liabilities.
Business Combinations
Transactions or events through which one entity gains control over one or more businesses, involving mergers, acquisitions, or consolidations.
Common Control
A situation where several entities are governed by a single entity or group, allowing for coordinated strategies and policies.
Business Combination
An event in which multiple entities combine to form a single entity, typically to enhance competitive positioning and operational efficiency.
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