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Which of the following statements about the definition of a business under IFRS 3 is accurate? The acquirer is not required to determine whether the

Which of the following statements about the definition of a business under IFRS 3 is accurate?

The acquirer is not required to determine whether the seller operated the set of activities and assets as a business before the acquisition for the acquired set to qualify as a business.

Outputs are required for the acquired set of activities and assets to qualify as a business.

To qualify as a business, the acquirer is required to demonstrate that it intends to operate the acquired set of activities and assets as a business after acquisition.

To be a business, the acquired set must include a liability.

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