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A 'common control business combination' under Appendix C of Ind AS 103 is:
AOnly mergers between listed Indian companies
BA combination in which all combining entities or businesses are ultimately controlled by the same party or parties both before and after the combination, and that control is not transitory
CAny merger between two unrelated entities
DOnly mergers between a parent and its 100%-owned subsidiary
Answer & Solution
Correct answer: B. A combination in which all combining entities or businesses are ultimately controlled by the same party or parties both before and after the combination, and that control is not transitory
Appendix C's definition turns on continuing common ultimate control (with the non-transitory requirement) — irrespective of how non-controlling interests in each combining entity are arranged.
Related questions
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