What are the key steps in applying the acquisition method under IFRS 3?

• A. Identify the acquirer, measure consideration transferred, allocate fair values to identifiable assets and liabilities, and recognize goodwill or a bargain purchase gain.
• B. Determine the fair value of the acquiree's equity; record goodwill; recognize intangible assets; adjust for future contingencies.
• C. Identify the non-controlling interest; determine post-closing adjustments; recognize operating lease liabilities; amortize goodwill.
• D. Recognize revenue; classify as either operating or financing activity; adjust for non-cash items.

Answer: (A)