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If shares are issued as part of the consideration paid, transactions costs such as brokerage fees may be incurred. Under AASB 3 Business Combinations, the

  1. If shares are issued as part of the consideration paid, transactions costs such as brokerage fees may be incurred. Under AASB 3 Business Combinations, the appropriate accounting treatment for such costs in the records of the acquirer is a debit to: Investments.

a)Share capital. B)Acquisition expenses. C) Cash. D)Investments.

2. Insurance proceeds from the destruction of a factory by fire would be classified as:

A) Operating B) Investing C) Financing D)None of the above

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