Which of the following is an example of asset recognised by the acquirer as part of a business combination but that is not recognised by the acquiree?
A) Inventory
B) Land and buildings
C) Prepaid insurance
D) Internally generated brands

Question

Quizplus · Accepted Answer

Internally generated brands are not recognised as assets by the acquiree, but can be recognised by the acquirer if they meet certain criteria for recognition as intangible assets under the accounting standards for business combinations.

Which of the Following Is an Example of Asset Recognised