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Valdez Limited Acquired a 25% Interest in Alaska Pty Ltd

Question 19

Multiple Choice

Valdez Limited acquired a 25% interest in Alaska Pty Ltd on 1 January 2013. On 15 September 2013 it acquired an additional 10% interest, and on 15 March 2014 a further 40%. Under IFRS 3 a business combination occurs on:


A) 1 January 2013
B) 15 September 2013
C) 15 March 2014
D) All of the above

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