Disclosure Requirements

Question 1

What are the non-quantitative disclosures for the acquisition method?

Answer 1

• Name and description of the company being acquired
• Acquisition date
• Percentage of interest acquired
• Reason for acquisition

Question 2

What are the quantitative disclosures?

Answer 2

Fair value of each major class of consideration transferred and total amount transferred

Amount recognized for each asset acquired and liability assumed

Fair value related to non controlling interest and how they determine the fair value.

If there is any goodwill, how much is reported to each segment.

If there was a bargain purchase, where does the gain show up on the financial statements.