Two Entities a Limited and B Limited Together Form a Third

Multiple Choice

Two entities A Limited and B Limited together form a third entity, C Limited. C Limited acquires A Limited and B Limited. In this situation, AASB 3/IFRS 3 Business Combinations, adjudges that:

A) A Limited and B Limited cease to exist and C Limited is the acquirer.
B) the combined A Limited and B Limited, is the acquirer of C Limited.
C) C Limited is considered to be the acquirer.
D) C Limited is not to be considered to be the acquirer.