Appendix a of IFRS 3 Provides an Extensive List of What

question 48

Multiple Choice

Appendix A of IFRS 3 provides an extensive list of what must be disclosed for each business combination.Which of the following items not in included in that list:

• A)the acquisition-date fair value of the total consideration given.
• B)The amounts recognized as of the acquisition date for each major class of assets and liabilities assumed)
• C)legal,contractual and regulatory restrictions and the carrying amount of the assets and liabilities to which those restrictions apply.
• D)the net assets of both companies at book value as disclosed in the financial statements of each company prior to the business combination.

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Definitions:

Income Statement

A financial document that summarizes a company's revenue, expenses, and profits over a specific period, usually a fiscal quarter or year.

Special Item

Unusual or infrequent gains or losses in a company’s financial statements, which are not expected to recur in the foreseeable future.

Discontinued Operations

Components of a business that have been disposed of or are classified as held for sale, and will not be continuing operations in the future.

Future Cash Flows

Estimated future financial earnings or expenses, which are used in various financial analyses to determine investment potential or project value.