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OOOO Two entities A Ltd and B Ltd together form a third entity, C Ltd. CLtd acquires all the share capital of A Ltd and

OOOO Two entities A Ltd and B Ltd together form a third entity, C Ltd. CLtd acquires all the share capital of A Ltd and B Ltd. In this situation, AASB 3 Business Combinations adjudges that: CLtd is not to be considered to be the acquirer. CLtd is considered to be the acquirer only if A Ltd and B Ltd both liquidate later. The combined A Ltd and B Ltd is the acquirer of C Ltd. A Ltd and B Ltd cease to exist and must be liquidated

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