Which of these is NOT a difference between carry over accounting and acquisition accounting?
A) Carry over accounting requires an acquisition date,acquisition accounting doesn't
B) Carry over accounting does not recognise goodwill,acquisition accounting does
C) Carry over accounting does not require revaluation of items at fair value,but acquisition accounting does
D) Carry over accounting involves combining items at book value,whereas acquisition accounting requires combining at fair values.
Correct Answer:
Verified
Q2: Which of these is not an alternative
Q3: Which is NOT true about pooling of
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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