If the nature of an acquisition takes the form of an asset acquisition, it will not qualify

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If the nature of an acquisition takes the form of an asset acquisition, it will not qualify as a business acquisition under IFRS 3 or a business combination under common control.

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Advanced Financial Accounting An IFRS Standards Approach

ISBN: 9781285428765

4th Edition

Authors: Pearl Tan, Chu Yeong Lim, Ee Wen Kuah

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Question Posted: Feb 21, 2024 12:00 AM

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If the nature of an acquisition takes the form of an asset acquisition, it will not qualify

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Thats correct Under IFRS 3 International Financial Reporting Standards an acquisition structured as an asset acquisition typically does not meet the c...View the full answer

Advanced Financial Accounting An IFRS Standards Approach

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