CERTYNEX IFRS ACADEMY

Éole SA acquires 100% of Gave SA for 4,000,000. The initially measured identifiable net assets are 4,300,000, an excess of 300,000. The review of measurements, carried out before any gain, reveals an omitted liability assumed of 140,000 and an asset overstated by 60,000. What gain on a bargain purchase does Éole recognise?

100,000, i.e. corrected net assets of 4,100,000 less the price of 4,000,000.

300,000, the initial excess, because the review does not change the amount recognised at the acquisition date.

500,000, the initial excess increased by the two corrections from the review of measurements.

160,000, the initial excess corrected for the omitted liability, without taking into account the overstated asset.