Which the acquirer obtains control of the acquiree

Assignment Help Financial Accounting
Reference no: EM132950863

Problem 1: It refers to the date on which the acquirer obtains control of the acquiree.

a) Control date
b) Business combination date
c) Acquisition date
d) Consolidation date

Problem 2: IFRS 3 defines it as a transaction or other event in which an acquirer obtains control of one or more businesses.

a) Acquisition of assets
b) Consolidation
c) Merger
d) Business combination

Problem 3: IFRS 10 defines them as the financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent and its subsidiaries are presented as those of a single economic unit.

a) Consolidated financial statements
b) Group financial statements
c) Combined financial statements
d) Separate financial statements

Reference no: EM132950863

Questions Cloud

How shall an acquirer in a business combination account : How shall an acquirer in a business combination account for the changes in fair value contingent consideration classified as equity instrument
What should be reported as variable expenses : Sheridan Company sells 50000 units for $15 a unit. Fixed costs are $350000 and net income is $100000. What should be reported as variable expenses
What is the treatment of acquisition related costs : Under IFRS 3, what is the treatment of acquisition related costs in a business combination? It shall be charged directly to retained earnings.
Discuss how the contribution margin might be used : Please discuss how the contribution margin might be used to determine the profitability of that product and how it's used to make the operations more profitable
Which the acquirer obtains control of the acquiree : IFRS 3 defines ias a transaction or other event in which acquirer obtains control of one or more businesses. Which the acquirer obtains control of the acquiree
Can robert afford to make the payments : Robert can afford a payment of up to $400 per month. Based on these terms, can Robert afford to make the payments? Explain your answer
How shall the acquirer account for previously held equity : How shall the acquirer account for its previously held equity interest in the acquiree upon obtaining control of the acquiree or how shall an acquirer account
Why is appropriate for optimus to value the electrobicycle : Why is appropriate for Optimus to value the Electrobicycle project using its WACC. Compare using the WACC to using solely the cost of equity in valuing
Determine the ending inventory : Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost)

Reviews

Write a Review

Financial Accounting Questions & Answers

  How to create the journal entries to record the transactions

Prepare the journal entries to record the transactions. Jan 1 Issued for cash 62,500 preference shares at par, and 125,000 ordinary shares for P25

  Evaluate a recent case in the news about business fraud

Evaluate a recent case in the news about business fraud

  Find what is the annual carrying costs of cheese inventory

The company is using Economic Order Quantity model in placing the orders. What is the annual carrying costs of cheese inventory.

  Keep track of the computers produced in row 21

Use Solver Table to run a sensitivity analysis on the cost per assembling labor hour, letting it vary from $5 to $20 in increments of $1.

  What is the basic accounting problem created by the monetary

What is the basic accounting problem created by the monetary unit assumption when there is significant inflation? What appears to be the FASB position

  Determine the cost of goods sold for the period

Jurvin Enterprises recorded the following transactions for the just completed month. The company had no beginning inventories. Post the above transactions to T-accounts. Determine the cost of goods sold for the period.

  What will the cash flows for this project be

KADS Inc, has spent $400,000 on research to develop a new computer game. The firm is planning to spend $200,000 on a machine to produce the new game.

  Calculate the depreciation expense for stellar corporation

Stellar Corporation, Calculate the depreciation expense for 20X4 and provide the journal entry, under the Double-Declining Balance method.

  What will be Bs capital balance

C is admitted to the partnership by investing $270,000 and is to receive a one-fourth ownership interest. What will be B's capital balance

  How do find the value of receiving growing at a rate

How do Find the value of receiving $450 growing at a rate of 0.5 percent each quarter in perpetuity if the interest rate is 6 percent compounded quarterly.

  Prepare a straight-line amortization table for the bonds

They are issued at $541,807 when the market rate is 10%. Prepare a straight-line amortization table for the bonds' first two years

  Find what is the profitability index of the project

$110,000 in year three, and $160,000 in year four. Breck's required rate of return is 10%. What is the profitability index of this project?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd