CERTYNEX IFRS ACADEMY

Which statements about the subsequent measurement of the items of a business combination are correct? More than one answer is possible.

As a general rule, assets acquired, liabilities assumed and equity instruments issued are measured and accounted for after the acquisition date in accordance with the applicable IFRSs.

IFRS 3 sets the ordinary subsequent measurement of assets acquired, replacing that of the other standards.

IFRS 3 gives specific guidance for reacquired rights, contingent liabilities, indemnification assets and contingent consideration.

The specific guidance in IFRS 3 covers the items acquired exhaustively, without reference to other standards.

After the acquisition date, the items acquired remain measured at their acquisition-date fair value.