19,20

When applying the acquisition method of accounting for business combinations, which of the following steps are true? (i) Identify the acquirer (ii) Determine the acquisition date: (iii) Identify, recognize and measure the identifiable assets acquired, liabilities assumed, and any non-controlling interest in the acquiree (iv) Identify the acquire Select one: a. (i), (ii) and (ii) only b. (i), (ii), (iii) and (iv) c. (i) and (ii) only d. (i). (ii) and (iv) only Which of the following must be satisfied to support a classification as a finance lease? 1. Ownership is transferred by the end of the lease term. 2. The lease contains a bargain purchase option. 3. The lease term is for the major part of an asset's useful life. 4. The present value of the minimum lease payments are substantially more or equal to the asset's fair value. Select one: a. 1 and 2 only b. 1,2 and 3 only c. Any of the four criteria d. All of the four criteria