FAR32 Business Combinations

Under U.S. GAAP, goodwill is allocated to the reporting units. What occurs under IFRS?

Under IFRS, contingent assets are not recognized. What occurs under U.S. GAAP?

What is the basic entry the acquirer makes when recording a legal entity?

True/False: At the acquisition date, identifiable assets. liabilities and noncontrolling interest in the acquiree should be measured (recorded) at fair value at that date.