alleryStart learning →In a purchase-type amalgamation, an intangible is recognised:
AEven if transferor did not
BOnly with court approval
COnly if transferor did so
DOnly after a 3-year wait
Answer & Solution
Correct answer: A. Even if transferor did not
The transferee applies the recognition criteria itself, so an intangible the transferor never booked can still be recognised.
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