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Define a Business(IFRS Board's proposed amendment )

CCollin5y ago
please sir, sep 2018 no1 (b) Clearly half of the que: but conflict at next half of the que. Whether the IFRs board's proposed amendment define of a business would revise your conclusion? This part feeling confused to me whether it is business or asset acquired. Please little explain for me sir Thanks.
stephenwidbergstephenwidbergTutor5y ago#1
As there is really a single asset and no staff - more likely to be an asset purchase than a business purchase.
CCollin5y ago#2
Yeah thanks sir First part of the que is business purchase and the second part of the que is asset purchase when ifrs amend? Hoping...
stephenwidbergstephenwidbergTutor5y ago#3
I think they are asking you to assess whether you think the transaction is a business or an asset purchase. Obviously you get credit for your argument - these questions are not always 'right' or 'wrong'. From your last post I am confused - it's just one transaction. Is that not how you are reading it?
CCollin5y ago#4
yeah thanks sir
stephenwidbergstephenwidbergTutor5y ago#5
My pleasure
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