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business combination

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › business combination

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Stephen Widberg.
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  • July 26, 2021 at 11:50 am #629465
    aarti2407
    Member
    • Topics: 36
    • Replies: 8
    • ☆

    sir while discussing the definition of business(to assess if its a business combination or asset acquisition) in terms of inputs, outputs and substantive processes, i wanted to ask what will INVENTORY be considered as?

    INPUT? or OUTPUT

    July 27, 2021 at 7:41 am #629533
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    I suppose it is input process and output! The model is for guidance only. If they have inventory, it will be a business.

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