Which of the Following Statements Is Not in Accordance with AASB

question 65

Multiple Choice

Which of the following statements is not in accordance with AASB 3 Business Combinations?

• A) An entity shall account for each business combination by applying the acquisition method.
• B) For each business combination, one of the combining entities shall be identified as the acquirer.
• C) The acquirer is required to recognise, separately from goodwill, the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree.
• D) The acquirer shall measure the identifiable assets acquired and the liabilities assumed at their acquisition-date agreed values.

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