Under IFRS 3, the identifiable assets acquired and liabilities assumed in a business combination are measured at:

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AHistorical cost
BFair value on the date of the acquisition
CBook value in the acquiree's financial statements
DNet realizable value

✓ Correct answer: A. Historical cost IFRS 3.18: identifiable assets acquired and liabilities assumed are measured at their acquisition-date fair values.

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Under IFRS 3, the identifiable assets acquired and liabilities assumed in a business combination are measured at:

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