Question 3 (a) How many steps are involved in the acquisition method as per NZ IFRS 3 Paragraph 5? (b) The application of the acquisition method depends upon the particular structure of the business combination (BC). Answer the questions in the answer booklet for the takeover' type BC and the acquisition of the net assets' type BC. Question 3 (a) Steps involved in the acquisition method? (b) Takeover Acquisition of the net assets Recognising and measuring the identifiable assets acquired and the liabilities assumed occurs: Takeover Acquisition of the net assets Name the liability that the acquirer must recognise, but the acquiree was not allowed to recognise because of NZ IAS 37. Acquisition of the net assets Takeover Recognising and measuring goodwill occurs: Question 3 (a) How many steps are involved in the acquisition method as per NZ IFRS 3 Paragraph 5? (b) The application of the acquisition method depends upon the particular structure of the business combination (BC). Answer the questions in the answer booklet for the takeover' type BC and the acquisition of the net assets' type BC. Question 3 (a) Steps involved in the acquisition method? (b) Takeover Acquisition of the net assets Recognising and measuring the identifiable assets acquired and the liabilities assumed occurs: Takeover Acquisition of the net assets Name the liability that the acquirer must recognise, but the acquiree was not allowed to recognise because of NZ IAS 37. Acquisition of the net assets Takeover Recognising and measuring goodwill occurs