Which One of the Following Statements Regarding IFRS and Accounting

Multiple Choice

Which one of the following statements regarding IFRS and accounting for step acquisitions is most correct?

A) Under IFRS goodwill is identified and net assets remeasured to fair value for all subsequent transactions, both increasing and decreasing the ownership percentage, after control is achieved.
B) IFRS requires the recording of additional goodwill on subsequent increases in the parent's ownership percentage.
C) Under IFRS acquisition accounting is applied only at the date that control is achieved.
D) IFRS requires the non-controlling interest to be measured at fair value.