Question
Gain on bargain purchase is recognized when
Select one:
O a. the cost of acquisition (investment cost of the
acquirer) and non-controlling interest in the acquire exceed the fair value of the identifiable assets and liabilities acquired
O b. the cost of acquisition (investment cost of the
acquirer) and non-controlling interest in the acquiree is less than the fair value of the identifiable assets and liabilities acquired
O c. the cost of acquisition (investment cost of the acquirer) and noh controlling interest in the acquiree is equal to the fair value of the identifiable assets and liabilities acquired
• d. the cost of acquisition (investment cost of the acquirer) and non-controlling interest in the acquiree is paid for by cash
Select one:
O a. the cost of acquisition (investment cost of the
acquirer) and non-controlling interest in the acquire exceed the fair value of the identifiable assets and liabilities acquired
O b. the cost of acquisition (investment cost of the
acquirer) and non-controlling interest in the acquiree is less than the fair value of the identifiable assets and liabilities acquired
O c. the cost of acquisition (investment cost of the acquirer) and noh controlling interest in the acquiree is equal to the fair value of the identifiable assets and liabilities acquired
• d. the cost of acquisition (investment cost of the acquirer) and non-controlling interest in the acquiree is paid for by cash
Answers
GPT 3.5
The correct answer is b. the cost of acquisition (investment cost of the acquirer) and non-controlling interest in the acquiree is less than the fair value of the identifiable assets and liabilities acquired.
Related Questions
A)Explain why the return on investment in advertising diminishes as more is invested in advertising....
A) Explain why the return on investment diminishes as more is invested in advertising.
I understa...
Van Meter Company is considering the purchase of the following computer equipment, which is consider...
Required: Determine the amount of borrowing costs to be capitalized and expensed
Required:
1. Dete...