The 'Business Combinations' (Ind AS 103) require acquisition method. It involves:
A. Only merger accounting
B. No goodwill
C. Identifying acquirer, determining acquisition date, recognising and measuring identifiable assets, liabilities, and non-controlling interest, and recognising goodwill or bargain purchase
D. Pooling of interests
Answer: Option C
Solution (By JKSSB Mock Tests)
Ind AS 103 mandates the acquisition method for business combinations.
Explanation:
APBS facilitates Direct Benefit Transfers (DBT) by using the Aadhaar number as the central key for routing government subsidies to beneficiaries.
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