Which of the Following Statements Is Correct

question 43

Multiple Choice

Which of the following statements is correct?

• A)The legal acquirer under AASB 3 and the accounting acquirer under AASB 10 do not have to be the same entity.
• B)The entity identified under AASB 10 as the parent will be the acquirer under AASB 3.
• C)The legal acquirer is determined under AASB 3 as the entity that issues the equity instruments.
• D)The accounting acquirer is the entity that becomes the controlling entity.

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Definitions:

Human Relations

Human Relations is the study of group behavior for the purpose of improving interpersonal and social relationships in organizational settings.

Entrepreneur

An entrepreneur is a person who organizes, operates, and assumes the risk for a business venture, often bringing a new idea or innovation to the market.

Business Enterprise

An organization engaged in commercial, industrial, or professional activities.

Group Dynamics

The patterns of interaction and relationships that influence the behavior and performance of people within a group.