CAF-6 · Chapter 9 · Question 13 of 15
Which of the following is NOT an 'Identifiable' asset for IFRS 3 purposes?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Goodwill already sitting in the subsidiary's own books.
Explanation
When calculating consolidated goodwill, any existing goodwill in the subsidiary's own books is ignored (it is not an identifiable asset).
More Consolidation (IFRS 10, IFRS 3) MCQs
- Q15In a Consolidated Statement of Profit or Loss, the 'Profit for the year' is:
- Q1According to IFRS 10, an investor 'Controls' an investee if and only if they have:
- Q2Under IFRS 3 Business Combinations, the 'Acquisition Method' requires:
- Q3What is 'Non-Controlling Interest' (NCI)?
- Q4How is 'Goodwill' calculated on acquisition?