CERTYNEX IFRS ACADEMY

Which statements about the recognition of a business combination at the acquisition date are correct? More than one answer is possible.

An intangible asset of the acquiree that is not in its balance sheet is left out of the recognition, since the acquirer takes over what the entity had itself recorded.

The non-controlling interest is included in goodwill, without being recognised separately, because it does not represent an identifiable item.

The acquirer recognises, separately from goodwill, the identifiable assets acquired, the liabilities assumed and any non-controlling interest.

The items recognised meet, at the acquisition date, the definitions of an asset or a liability in the Conceptual Framework, subject to the exceptions.