4.According to the most updated PFRS 3 - Business Combinations, which of the following statements is incorrect regarding step acquisitions?

First statement: in a business combination achieved in stages, the acquirer shall measure its previously held equity interest in the acquire at its acquisition-date fair value and recognize the resulting gain and loss, if any, in other comprehensive income.

Second Statement: In prior reporting periods, the acquirer may have recognized changes in the value of its equity interest in the acquiree in other comprehensive income. If so, the amount that was recognized in other comprehensive income shall be recognized on the same basis as would be required if the acquirer had disposed of the previously held equity interest.

a.First statement only

b.Second Statement only

c.Both first and second statement only

d.Neither First statement nor second statement