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business combination

Aaarti5y ago
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
stephenwidbergstephenwidbergTutor5y ago#1
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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