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If the acquired's company's purchase price is less than the fair market value off its...

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Question

Accounting

If the acquired's company's purchase price is less than the fair market value off its net assets,

A) all of the acquired company's assets are recorded at their fair market value

B) a gain on bargain purchase price is recognized for the excess of fair value received over the consideration transferred

C) goodwill is recognized for the difference between the fair market value of the acquired company's net assets and its purchase price

D) both A and B

E) Both A, B and C

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