Certificate In International Financial Reporting (CertIFR)

Under IFRS 3, goodwill arising on a business combination is measured as:

Consideration transferred plus non-controlling interest less fair value of net identifiable assets acquired Purchase price less book value of net assets acquired Fair value of the acquiree less par value of shares issued Premium paid over market capitalisation

Correct Answer:

Consideration transferred plus non-controlling interest less fair value of net identifiable assets acquired

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