Mid Trimester exam on Wednesday 12th April 3pm with Patricia (page 3 of 10) - Google Chrome .au/moodle/mod/quiz/attempt.php?attempt=690074&cmid=192573&page=2 Corporate Accounting and Reporting T123 19. When recognising the identifiable assets and liabilities assumed in a business combination, an acquirer must: O a. classify or designate the assets and liabilities as necessary to apply Accounting Standards subsequently. O b. both a. and b. are correct. O c. maintains the classifications or designations for the assets and liabilities that were previously used by the acquiree. O d. applies AASB 1/IFRS 1 First-time Adoption of Australian Accounting Standards. Australian Institute of Business & Management trading as King's Own Institute ABN: 72 132 629 979 CRICOS numbe search O Tka