Reference no: EM132992605

Problem 1: The acquisition method approaches a business combination from the perspectives of the acquirer and the acquiree.

Group of answer choices

True

False

Problem 2: The consideration transferred includes among others, non-monetary assets and contingent consideration.

Group of answer choices

True

False

Problem 3: "Push-down accounting" refers to the practice of revaluing an acquired subsidiary's assets and liabilities to their fair values directly on that subsidiary's books at the date of acquisition.

Group of answer choices

True

False

Problem 4: A fair value adjustment which can be either a fair value increment due to under valuation, or a fair value decrement due to overvaluation, is the difference between the carrying value and fair values of the acquiree's identifiable assets and liabilities at the date of acquisition, minus any goodwill.

Group of answer choices

True

False

Problem 5: PFRS 3 business combination specifically includes combinations of entities including joint ventures.

Group of answer choices

True

False