When an acquirer accounts for a business combination they have to consider:
I - Recognition of the identifiable assets acquired.
II - Measurement of the identifiable assets acquired.
III - Recognition of the liabilities assumed.
IV - Measurement of the liabilities assumed.
A) I and II only.
B) I, II, III and IV.
C) I and III only.
D) II and IV only.

Question

Quizplus · Accepted Answer

When accounting for a business combination, an acquirer must recognize and measure the identifiable assets acquired and liabilities assumed. Therefore, options I, II, III, and IV are all correct.

When an Acquirer Accounts for a Business Combination They Have