alleryStart learning →What measurement choice exists for a present-ownership NCI at the acquisition date?
ACost or carrying amount
BFair value or net assets
COnly fair value, no choice
DShare of consideration
Answer & Solution
Correct answer: B. Fair value or net assets
For present ownership interests the choice is fair value or the proportionate share of the acquiree's recognised identifiable net assets.
Keep practising Ind AS 103 Business Combinations
Browse all Ind AS 103 Business Combinations questions for CA Final, or explore more Financialreporting topics.
Related questions
Acquiree's suit: present obligation, Rs 12 lakh fair value, payment unlikely. Entry?Vested acquiree awards that the acquirer does not replace become part of what?Fair value is an exit price in an orderly deal between which parties?What does Ind AS 103 add that IFRS 3 lacks on group reorganisations?Goodwill in Ind AS 103 is an asset that represents what?Which item does Ind AS 103 leave out of its scope?In pooling, the transferor's retained earnings balance is handled how?Does a large minority shareholding in a group company change its common control status?