If shares are issued as part of the consideration paid,transactions costs such as brokerage fees may be incurred.According to AASB 3 Business Combinations the appropriate accounting treatment for such costs in the records of the acquirer is a debit to:
A)share capital
B)investments
C)cash
D)acquisition expenses.

Question

Quizplus · Accepted Answer

According to AASB 3, transaction costs related to issuing shares should be deducted from equity, specifically debited to share capital.

If Shares Are Issued as Part of the Consideration Paid,transactions