alleryStart learning →P pays sellers Rs 500 lakh cash and advisers Rs 12 lakh. Consideration transferred?
ARs 512 lakh
BRs 488 lakh
CRs 12 lakh
DRs 500 lakh
Answer & Solution
Correct answer: D. Rs 500 lakh
Fees are expensed, so only the Rs 500 lakh paid to the sellers forms consideration transferred.
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?