The correct statements are:
I. Reassess the identification and measurement of the acquiree's identifiable assets,
liabilities, and contingent liabilities and the measurement of the cost of the
combination. II. Recognize immediately in profit or loss any excess remaining after
the reassessment.
If the acquirer's interest in the net fair value of the identifiable assets, liabilities, and
contingent liabilities exceeds the cost of the business combination, the acquirer is
required to reassess the identification and measurement of the acquiree's identifiable
assets, liabilities, and contingent liabilities, and also the measurement of the cost of
the combination. This is done to identify any errors or omissions in the initial
measurement of the assets, liabilities, and contingent liabilities of the acquiree.
After the reassessment, if there is any excess remaining that is not attributable to noncontrolling interests or previously existing interests in the acquiree, it is recognized
immediately in profit or loss as a gain. This gain represents the amount by which the
acquirer's interest in the net fair value of the identifiable assets, liabilities, and
contingent liabilities exceeds the cost of the business combination.
The correct statements are:
I. Reassess the identification and measurement of the acquiree's identifiable assets,
liabilities, and contingent liabilities and the measurement of the cost of the
combination. II. Recognize immediately in profit or loss any excess remaining after
the reassessment.
If the acquirer's interest in the net fair value of the identifiable assets, liabilities, and
contingent liabilities exceeds the cost of the business combination, the acquirer is
required to reassess the identification and measurement of the acquiree's identifiable
assets, liabilities, and contingent liabilities, and also the measurement of the cost of
the combination. This is done to identify any errors or omissions in the initial
measurement of the assets, liabilities, and contingent liabilities of the acquiree.
After the reassessment, if there is any excess remaining that is not attributable to noncontrolling interests or previously existing interests in the acquiree, it is recognized
immediately in profit or loss as a gain. This gain represents the amount by which the
acquirer's interest in the net fair value of the identifiable assets, liabilities, and
contingent liabilities exceeds the cost of the business combination.
The correct statements are:
I. Reassess the identification and measurement of the acquiree's identifiable assets,
liabilities, and contingent liabilities and the measurement of the cost of the
combination. II. Recognize immediately in profit or loss any excess remaining after
the reassessment.
If the acquirer's interest in the net fair value of the identifiable assets, liabilities, and
contingent liabilities exceeds the cost of the business combination, the acquirer is
required to reassess the identification and measurement of the acquiree's identifiable
assets, liabilities, and contingent liabilities, and also the measurement of the cost of
the combination. This is done to identify any errors or omissions in the initial
measurement of the assets, liabilities, and contingent liabilities of the acquiree.
After the reassessment, if there is any excess remaining that is not attributable to noncontrolling interests or previously existing interests in the acquiree, it is recognized
immediately in profit or loss as a gain. This gain represents the amount by which the
acquirer's interest in the net fair value of the identifiable assets, liabilities, and
contingent liabilities exceeds the cost of the business combination.