the property and the liabilities of the undertaking or undertakings beingtransferred by the demerged company are transferred at valuesappearing in its books of account immediately before the demerger;However according to proviso inserted vide Finance Act 2019,applicable effective 1 April 2020, the provisions of this sub-clause shallnot apply where the resulting company records the value of the propertyand the liabilities of the undertaking or undertakings at a value differentfrom the value appearing in the books of account of the demergedcompany, immediately before the demerger, in compliance to theIndian Accounting Standards specified in Annexure to the Companies(Indian Accounting Standards) Rules, 2015.(iv) the resulting company issues, in consideration of the demerger, itsshares to the shareholders of the demerged company on a proportionate

The business combination valuation entries are used to recognise:Group of answer choicesall of the options are correct.the fair value of the liabilities not recorded in the subsidiary's accounts at acquisition date.the fair value of the assets not recorded in the subsidiary's accounts at acquisition date.the fair value adjustments for assets and liabilities that were recorded in the subsidiary's accounts at acquisition date based on carrying amounts different from fair value.

Which of the following is an example of a liability?Accumulated depreciationRevenue received in advanceAllowance for doubtful debtsPrepayments

________ are amounts set aside for liabilities or reductions in the valuation of assets.Question 9Answera.Balanceb.Petty cashc.Provisionsd.ImprestClear my choice

Where the consideration transferred is less than the fair value of the identifiable net assets and contingent liabilities acquired, the item must be recognised in the consolidation worksheet as:

) Subject to subsection (2)—(a) any consent, whether express or implied, given by a personwho would otherwise be entitled to priority, chargesrequired by this Part to be registered shall have priorityin relation to one another in accordance with the timesat which they were lodged as provided in the MovableProperty (Security Interest) Act, 2016; and(b) where a charge, other than a floating charge, gives securityover property required to be registered with the Registrarin accordance with this Part, and over other property,subsection (1)(a) shall apply, in respect of the first-mentioned property, but not in respect of the otherproperty