How Does IFRS 3 Require Equity Interests in Business Combination

question 5

Multiple Choice

How does IFRS 3 require equity interests in business combination achieved in stages to be measured?

• A)Equity interests should be added at their current fair value
• B)Equity interests should be added at their acquisition date fair value
• C)Equity interests should be remeasured at acquisition date fair value,with recognition of the resulting changes in profit or loss
• D)Equity interests should be remeasured at current fair value,with r recognition of the resulting changes in profit or loss

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Definitions:

Spirilla

A genus of Gram-negative bacteria characterized by their spiral shape and movement through liquid.

Diplococci

Bacteria that form in pairs and are known for causing diseases such as pneumonia and gonorrhea.

Pairs

Sets of two things that are used together or are associated with each other.

Gram Stain

A method of staining that differentiates bacteria according to the chemical composition of their cell walls.