Multiple Choice
In order 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) its fair value can be measured reliably
B) it must be a non-current item
C) it must be measured using the present value method d,it may not be a non-monetary asset.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Define goodwill and identify the possible components
Q2: The following items are not deemed to
Q3: Where the acquirer purchases assets and assumes
Q5: Johnson Limited estimated the net present value
Q6: Oliveira Limited estimated that the net present
Q7: The consideration transferred in a business combination
Q8: Adjustments cannot be made subsequent to the
Q9: Outline the accounting treatment of goodwill subsequent
Q10: Bolton Limited acquires the net assets of
Q11: Appendix B of AASB 3 requires disclosure