2 Which of the following is incorrect concerning an acquirer?*O An acquirer shall be identified for all business combinations.Control is the power to participate in the financial and operating policies of an entity or business as to obtainbenefits from its activities.O The acquirer is the combining entity that obtains control of the other combining entities of businesses.O In case of difficulty in identifying the acquirer, the entity with the greater fair value is deemed the acquirer.

First option is wrong because the statement is correct. In order to facilitate the accounting…

Answered: s incorrect concerning an acquirer

Business

Accounting

s incorrect concerning an acquirer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

Which of the following is incorrect concerning an acquirer?
*
O An acquirer shall be identified for all business combinations.
Control is the power to participate in the financial and operating policies of an entity or business as to obtain
benefits from its activities.
O The acquirer is the combining entity that obtains control of the other combining entities of businesses.
O In case of difficulty in identifying the acquirer, the entity with the greater fair value is deemed the acquirer.

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