Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. under the acquisition method, if the fair values o

Under the acquisition method, if the fair values of identifiable net assets exceed the value...

90.2K

Verified Solution

Question

Accounting

Under the acquisition method, if the fair values of identifiable net assets exceed the value implied by the purchase price of the acquired company, the excess should be:

a) accounted for as goodwill. b) allocated to reduce current and long-lived assets. c) allocated to reduce current assets and classify any remainder as an extraordinary gain. d) allocated to reduce any previously recorded goodwill on the seller's books and classify any remainder as an ordinary gain.

Explain

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A recent article in Bloomberg Businessweek listed the “Best Small Companies.” We are interested in the...

Statistics
Q

Can you please write a written detailed procedure for the two experiments: 1- qualitative analysis of cation group...

Chemistry
Q

A. Calculate the enthalpy change, ΔH, for the process in which 49.3 g of water is converted...

Chemistry
Q

There is a long cylinder magnet with inner radius of R1 outher radius of R2 length...

Physics
Q

explain in physics how the eye works and explain physics causing common vision defects and explain...

Physics
Q

You may need to use the appropriate technology to answer this question. Health insurance benefits vary by...

Basic Math
Q

Sutingsm 30 Solve the following Certain stars are believed to be rotating at about 1...

Physics
Q

Defined by two lines or rays diverging from a common point A perpendicular lines B...

Geometry
Q

Assume that a rectangle with sides x and y is expanding with time. Let y=2x...

Basic Math
Q

umework Part I Give a limit expression that describes t lim 818 6x 9 7x...

Algebra
Q

3 x x x 1 0

Algebra
Q

13 - Find the amount of each payment to be made...

Accounting