Multiple Choice
Which is NOT true about pooling of interests accounting for business combinations?
A) IFRS 3 which replaced IAS 22 confirmed use of pooling of interests for true mergers
B) The assets and liabilities of entities are combined on the basis of their book values
C) It was identified by IAS 22
D) It is required in a situation of ' uniting of interests'
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following is not a
Q2: IAS 28 and 31 both apply to
Q4: IFRS 3 is more recent than IAS
Q5: Which of these is <b>NOT</b> a difference
Q6: The IFRS allows use of all alternative
Q7: Which of these is not an alternative
Q8: An advantage of pooling of interests accounting
Q9: IFRS 3 applies the parent concept when
Q10: Which is <b>NOT</b> true about proportional consolidation?<br>A)There