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CA Final Ind AS 103 — Business Combinations: Scope, Definition, Concentration Test & Identifying Acquirer — practice questions
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Practice CA Final Ind AS 103 — Business Combinations: Scope, Definition, Concentration Test & Identifying Acquirer in the app →Under Ind AS 103, a 'business combination' occurs when an acquirer obtains control of:Which of the following is explicitly OUTSIDE the scope of Ind AS 103?Acquisition-related transaction costs (e.g. stamp duty, legal fees) in a business combination under Ind AS 103Entity A pays ₹300 cr for an additional 50% stake in Entity B (already owned 20%). At acquisition, Entity B haCompany D is a development-stage entity with research engineers, a patent application pending, advanced licensCompany A acquires Company P, which owns three single-tenant industrial warehouses on long leases. Basic maintCompany B (much larger) merges with Company A by issuing 10 shares of A for every 1 share of B, such that ex-BAn entity acquires equipment (FV ₹500 cr) and a patent (FV ₹1,000 cr) for ₹1,000 cr cash and land (CV ₹100 cr,Under the concentration test, which of the following pairs CANNOT be treated as 'similar assets' when assessinVeera Ltd. and Zeera Ltd. form a new entity, Meera Ltd., which issues 100 shares to Veera's shareholders and 5Identify the statement on the OPTIONAL concentration test in Ind AS 103 that is INCORRECT.Company A is a pharma company with skilled workforce, an IPR (patents over certain drugs) and a production plaIn a business combination, an acquired process (or group of processes) is 'substantive' when the acquired set Where the acquired set HAS outputs at acquisition date, an acquired process is 'substantive' if (per Ind AS 10On a bargain purchase under Ind AS 103, the excess of net identifiable assets acquired and liabilities assumedABC Ltd. incorporates a new company Super Ltd. to acquire 100% of Focus Ltd. Super Ltd. takes a commercial-ratCompany P holds 40,000 of 1,00,000 shares of Company X and an option (currently exercisable, exercise price sl