IFRS 3 outlines the accounting requirements for business combinations. Which of the following statements is correct?
a) IFRS 3 does not apply to business combinations involving entities under common control.
b) IFRS 3 requires the use of the acquisition method for all business combinations.
c) IFRS 3 prohibits the recognition of goodwill in business combinations.
d) IFRS 3 does not require disclosure of information related to business combinations.