Business Combination / Tutor for Accounting Business Combinations 2024 LATEST UPDATE GRADED A+ Business Combination - ANS-A transaction or other event in which an acquirer obtains control of one or more businesses Business Co

Business Combination / Tutor for Accounting Business Combinations 2024 LATEST UPDATE GRADED A+ Business Combination - ANS-A transaction or other event in which an acquirer obtains control of one or more businesses Business Combination - ANS-'true mergers' or mergers of equal Business - ANS-integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing goods or services to customers, generating investment income Acquisition of Net Assets (Merger and Consolidation) Acquisition of Stocks (Preferred and Common) - ANSBusiness combination as to method used A or B - ANS-Merger : A + B = C - ANS-Consolidation: A + B = Always 100%; No NCI - ANS-% acquired in acquisition of net assets Acquisition of net assets - ANS-Business combination na may dissolution Acquirer and acquireee - ANS-Parties involved in acquisition of net assets Parent and Subsidiary - ANS-Parties involved in acquisition of sotcks 100% or less - ANS-% acquired in acquisition of stocks Acquisition of stock - ANS-Business combination kung saan pwede magkaroon ng NCI if less than 100% - ANS-Kailan nagkakaroon ng NCI sa acquisition of stocks Preferred Stock - ANS-Regardless of percentage acquired, no control is established @FV - ANS-Classification of investment if Preferred stock Pooling of interest Purchase method Acquisition method - ANS-Accounting methods used for business combination Purchase method - ANS-Accg method : PFRS for SME Acquisition method - ANS-Accg method: Full PFRS (PFRS 3) DACS, IDACS, SIC, DIC - ANS-Acquisition related costs Capitalized - ANS-Treatment to DACS under purchase method SFS - Capitalized CFS - Expensed - ANS-Treatment to DACS under acquisition method Expensed outright - ANS-Treatment to IDACS Charged to