CERTYNEX IFRS ACADEMY

The net amount of the identifiable assets acquired and liabilities assumed exceeds the sum of the consideration transferred, the non-controlling interest and the previously held interest. Which statements are correct? More than one answer is possible.

The excess is recognised as a liability in negative goodwill, then released to profit or loss over the life of the assets acquired.

Before recognising a gain, the acquirer checks that it has identified all the assets and liabilities, then reviews their measurement.

The excess is spread through profit or loss over several periods, to reflect the benefit obtained over time.

The gain is recognised without prior reassessment, when the price paid is lower than identifiable net assets.

If the excess remains after this reassessment, the acquirer recognises it in profit or loss at the acquisition date.