CERTYNEX IFRS ACADEMY

Berlue SA acquires machinery, patents and a team that operates them; no product has been sold yet. Which statements are correct? More than one answer is possible.

The accounting and payroll of the acquired company are generally processes that serve to create outputs.

The machinery and patents are economic resources (inputs) to which the team applies processes.

Without outputs at the acquisition date, the set is a group of assets and not a business.

The absence of outputs at this stage does not prevent a conclusion that the set is a business.