If the acquirer's interest in the net fair value of the acquiree's identifiable assets, liabilities and contingent liabilities exceeds the cost of the business combination, the acquirer must reassess the identification and measurement of these items to identify errors. Any excess remaining after reassessment that is not attributable to non-controlling interests or previously existing interests must be recognized immediately in profit or loss as a gain.
If the acquirer's interest in the net fair value of the acquiree's identifiable assets, liabilities and contingent liabilities exceeds the cost of the business combination, the acquirer must reassess the identification and measurement of these items to identify errors. Any excess remaining after reassessment that is not attributable to non-controlling interests or previously existing interests must be recognized immediately in profit or loss as a gain.
If the acquirer's interest in the net fair value of the acquiree's identifiable assets, liabilities and contingent liabilities exceeds the cost of the business combination, the acquirer must reassess the identification and measurement of these items to identify errors. Any excess remaining after reassessment that is not attributable to non-controlling interests or previously existing interests must be recognized immediately in profit or loss as a gain.
I. Reassess the identification and measurement of the acquiree's identifiable assets,
liabilities, and contingent liabilities and the measurement of the cost of the combination. II. Recognize immediately in profit or loss any excess remaining after the reassessment. If the acquirer's interest in the net fair value of the identifiable assets, liabilities, and contingent liabilities exceeds the cost of the business combination, the acquirer is required to reassess the identification and measurement of the acquiree's identifiable assets, liabilities, and contingent liabilities, and also the measurement of the cost of the combination. This is done to identify any errors or omissions in the initial measurement of the assets, liabilities, and contingent liabilities of the acquiree. After the reassessment, if there is any excess remaining that is not attributable to non- controlling interests or previously existing interests in the acquiree, it is recognized immediately in profit or loss as a gain. This gain represents the amount by which the acquirer's interest in the net fair value of the identifiable assets, liabilities, and contingent liabilities exceeds the cost of the business combination. The correct statements are: I. Reassess the identification and measurement of the acquiree's identifiable assets, liabilities, and contingent liabilities and the measurement of the cost of the combination. II. Recognize immediately in profit or loss any excess remaining after the reassessment. If the acquirer's interest in the net fair value of the identifiable assets, liabilities, and contingent liabilities exceeds the cost of the business combination, the acquirer is required to reassess the identification and measurement of the acquiree's identifiable assets, liabilities, and contingent liabilities, and also the measurement of the cost of the combination. This is done to identify any errors or omissions in the initial measurement of the assets, liabilities, and contingent liabilities of the acquiree. After the reassessment, if there is any excess remaining that is not attributable to non- controlling interests or previously existing interests in the acquiree, it is recognized immediately in profit or loss as a gain. This gain represents the amount by which the acquirer's interest in the net fair value of the identifiable assets, liabilities, and contingent liabilities exceeds the cost of the business combination. The correct statements are: I. Reassess the identification and measurement of the acquiree's identifiable assets, liabilities, and contingent liabilities and the measurement of the cost of the combination. II. Recognize immediately in profit or loss any excess remaining after the reassessment. If the acquirer's interest in the net fair value of the identifiable assets, liabilities, and contingent liabilities exceeds the cost of the business combination, the acquirer is required to reassess the identification and measurement of the acquiree's identifiable assets, liabilities, and contingent liabilities, and also the measurement of the cost of the combination. This is done to identify any errors or omissions in the initial measurement of the assets, liabilities, and contingent liabilities of the acquiree. After the reassessment, if there is any excess remaining that is not attributable to non- controlling interests or previously existing interests in the acquiree, it is recognized immediately in profit or loss as a gain. This gain represents the amount by which the acquirer's interest in the net fair value of the identifiable assets, liabilities, and contingent liabilities exceeds the cost of the business combination.