Before recognising a gain on a bargain purchase,the acquirer shall review the procedures used to measure the amounts that AASB 3 requires to be recognised at the acquisition date for which of the following:
A)the consideration transferred
B)the non- controlling interest in the acquiree,if any
C)the identifiable assets acquired and liabilities assumed
D)all of the above

Question

Quizplus · Accepted Answer

The acquirer must review the procedures used to measure the amounts that AASB 3 requires to be recognised at the acquisition date for all of the following - the consideration transferred, the non-controlling interest in the acquiree, if any, and the identifiable assets acquired and liabilities assumed. Therefore, option D is the correct choice.

Before Recognising a Gain on a Bargain Purchase,the Acquirer Shall