In a Business Combination Achieved in Stages, the Acquirer Shall

question 10

Multiple Choice

In a business combination achieved in stages, the acquirer shall remeasure its previously held equity interest in the acquiree at its acquisition-date fair values __________________________________________.

• A)and does not recognize the resulting gain or loss.
• B)and recognize the resulting gain or loss, if any, in other comprehensive income.
• C)and recognize the resulting gain or loss, if any, in profit or loss.
• D)and recognize the resulting gain or loss, if any, in retained earnings.

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Definitions:

Inversion

Change in chromosome structure in which a segment of a chromosome is turned around 180°; this reversed sequence of genes can lead to altered gene activity and abnormalities.

Cri Du Chat Syndrome

A genetic disorder caused by a missing piece of chromosome 5, characterized by a high-pitched cry resembling a cat, intellectual disability, and developmental delays.

Chromosome Missing

A condition where an individual lacks one chromosome from the normal chromosome number, leading to genetic disorders.

Nonhomologous Chromosome

Chromosomes that do not pair during meiosis, typically because they contain different sets of genes and are not identical in structure.