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
Q1: Which of these is NOT a difference
Q2: Which of these is not an alternative
Q4: The IFRS allows use of all alternative
Q5: Which is NOT true about proportional consolidation?
A)There
Q6: Which of the following is not a
Q7: IFRS 3 is more recent than IAS
Q8: IAS 28 and 31 both apply to
Q9: An advantage of pooling of interests accounting
Q10: IFRS 3 applies the parent concept when
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