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A Situation Is Efficient If It Is

question 143

Multiple Choice

A situation is efficient if it is:


Definitions:

Disclosure

The action of making new or secret information known.

AASB 3

An accounting standard detailing the requirements for the accounting of business combinations.

IFRS 3

Business Combinations, an International Financial Reporting Standard that outlines the accounting and reporting requirements for mergers and acquisitions.

Goodwill

The intangible asset that arises when a company acquires another business for more than the fair value of its separable net assets.

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