IFRS 10 Consolidated Financial Statements outlines the requirements for identifying the company that is the acquirer in a business combination when it's not clear who that is. Which is NOT a consideration in determining which company is the acquirer?
A) If the means of payment is cash, which party is paying the cash.
B) Relative holdings of voting shares in the combined entity.
C) Voting rights of the respective parties after the combination of their businesses.
D) Any by-laws or provisions of the incorporation acts of each company that details the manner in which a business combination will occur at law.

Question

Quizplus · Accepted Answer

The by-laws or provisions of the incorporation acts of each company that detail the manner in which a business combination will occur at law are not relevant in determining the acquirer. The considerations outlined in IFRS 10 are A, B, and C.

IFRS 10 Consolidated Financial Statements Outlines the Requirements for Identifying