Which of the Following Statements About IFRS 3, Business Combinations

question 16

Multiple Choice

Which of the following statements about IFRS 3, Business Combinations is true?

• A)IFRS 3 allows organizations to use either the parent-company method or the entity method.
• B)IFRS 3 allows organizations to use either the parent-company extension method or the entity method.
• C)IFRS 3 allows organizations to use either the parent-company method or the parent-company extension method.
• D)IFRS 3 allows organizations to use either the parent-company method, the parent-company extension method, or the entity method.

---

Definitions:

Retrieve

Retrieve involves obtaining or getting back something that has been lost or is not currently in one's possession.

Website

A set of related web pages located under a single domain name, typically produced by a single entity, and accessible via the Internet.

Interpersonal Side

The aspect of interactions and relationships between individuals, focusing on communication and emotional connection.

Communication

The process of exchanging information, ideas, feelings, or messages between individuals or groups.