Lcca - Study guides, Class notes & Summaries

ADVANCED FINANCIAL ACCOUNTING & REPORTING - THEORIES BUSINESS COMBINATION - PFRS 3 1. It is a transaction or other event in which an acquirer obtains control of one or more businesses. a. Business c ombination b. Merger c. Consolidation d. Intercorporate directorship 2. This is defined as an integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing a return directly to investors or other owners, members or participants. a. Business b. Tra...