Question
Donald Limited acquired a 25% interest in the only issued capital which carries voting rights in Duck Pty Ltd on 1 January 2020. On 15
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Donald Limited acquired a 25% interest in the only issued capital which carries voting rights in Duck Pty Ltd on 1 January 2020. On 15 September 2020 it acquired an additional 20% interest, and on 15 March 2021 a further 15%. Under AASB 3/IFRS 3, a business combination occurs on:
a. 1 January 2020.
b. 15 March 2021.
c. 30 June 2021.
d. 15 September 2020.
Donald Limited acquired a 25% interest in the only issued capital which carries voting rights in Duck Pty Ltd on 1 January 2020. On 15 September 2020 it acquired an additional 20% interest, and on 15 March 2021 a further 15%. Under AASB 3/IFRS 3, a business combination occurs on:
| a. | 1 January 2020. | |
| b. | 15 March 2021. | |
| c. | 30 June 2021. | |
| d. | 15 September 2020. |
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Cornerstones of managerial accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
5th edition
978-1305302327, 130530232X, 978-1133943983
