3 Questions
What does NZ IFRS require the acquirer to do in a business combination?
Recognize and measure identifiable assets, liabilities, non-controlling interest, and goodwill
What is the purpose of disclosing information in a business combination?
To enable users to evaluate the nature and financial effects of the business combination
What is the difference between goodwill and non-controlling interest in a business combination?
Goodwill represents the excess of the purchase price over the fair value of the identifiable assets acquired, while non-controlling interest represents the ownership share of the acquiree not held by the acquirer
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