Question
Donald Limited acquired a 45% interest in the only issued capital which carries voting rights in Duck Pty Ltd on 1 January 2020. On 15
Donald Limited acquired a 45% 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 25% interest, and on 15 March 2021 a further 15%. Under AASB 3/IFRS 3, a business combination occurs on:
| a. | 15 March 2021. | |
| b. | 30 June 2021. | |
| c. | 1 January 2020. | |
| d. | 15 September 2020. |
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald W. Hilton
9th edition
78110912, 978-0078110917
