- 5 Marks
FR – Aug 2022 – L2 – Q5c – Group Financial Statements and Consolidation
Explain how liabilities related to restructurings or exit activities and contingencies of an acquiree should be dealt with at the acquisition date under IFRS 3.
Question
In line with IFRS 3 (Business Combinations), explain how the following items of an acquiree should be dealt with at the acquisition date:
i) Liabilities related to restructurings or exit activities (3 marks)
ii) Contingencies (2 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Business Combinations, Contingencies, IFRS 3, Restructuring Liabilities
- Level: Level 2
- Topic: Group Financial Statements and Consolidation
- Series: AUG 2022
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