Appendix B of AASB 3/IFRS 3 Requires Disclosure of Which

question 10

Multiple Choice

Appendix B of AASB 3/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:

Cooperatives

Business organizations owned and operated by a group of individuals for their mutual benefit, where members democratically control the operations and profits are distributed according to each member's contribution.

Legal Taxable Entity

An organization or individual subject to tax laws, with an obligation to file tax returns and pay taxes based on income or transactions.

Shares of Stock

Units of ownership interest in a corporation or financial asset, giving shareholders a claim on part of the company's assets and earnings.

Issuing Stock

The process by which a company distributes shares to investors for the first time, typically to raise capital for expansion or other corporate activities.