The information contained within Appendix B of AASB 3 in relation to disclosure:
A) is not mandatory, but contains optional additional disclosures
B) contains prescribed presentation formats for disclosure of business combinations
C) is an integral part of AASB 3
D) is complementary to the main disclosure requirements within the body of AASB 3

Question

Quizplus · Accepted Answer

The information contained within Appendix B of AASB 3 is an integral part of the standard, providing mandatory disclosure requirements and guidance on additional disclosures to be made in relation to business combinations. Therefore, option C is the correct choice. Options A and D are not accurate as the information in Appendix B is not optional or complementary, but rather prescriptive. Option B also does not fully capture the nature of the information presented in Appendix B, as it provides guidance on content and disclosure requirements rather than prescribed presentation formats.

The Information Contained Within Appendix B of AASB 3 in Relation