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For a Tangible Asset to Be Recognised by an Acquirer

Question 5

Multiple Choice

For a tangible asset to be recognised by an acquirer under a business combination it must be probable that future economic benefits will flow to the acquirer and:


A) it must be a current item.
B) it may not be a non-monetary asset.
C) its fair value can be reliably measured.
D) it must be measured using the present value method.

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