Appendix B of IFRS 3 Requires Disclosure of Which of the Following

question 15

Multiple Choice

Appendix B of IFRS 3 requires disclosure of which of the following?
I details of contingent consideration
II the date of exchange
III carrying amounts of assets and liabilities in business combinations where shares are acquired
IV a qualitative description of the factors that make up goodwill

• A) I, II and IV only
• B) I, III and IV only
• C) I, II and III only
• D) I, II, III and IV

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Definitions:

Intrinsically Important

Valued for its own sake or essence, rather than for its utility in achieving something else.

Abstract Thinking

The ability to consider concepts, possibilities, and ideas that are not immediately visible, tangible, or concrete.

Ethnic Minority

A group within a community which has different national or cultural traditions from the majority of the population.

Economically Impoverished

A state of living with insufficient financial resources to meet basic needs such as food, shelter, and clothing, often leading to a lower standard of living.