The final step in the acquisition method is:
A)determining the acquisition date
B)identifying the acquirer
C)recognising and measuring the identifiable assets acquired,the liabilities assumed and any non- controlling interest in the acquiree
D)recognising and measuring goodwill or a gain from a bargain purchase

Question

Quizplus · Accepted Answer

The final step in the acquisition method is recognizing and measuring goodwill or a gain from a bargain purchase. This occurs after the identification of the acquirer, determination of the acquisition date and recognition and measurement of identifiable assets, liabilities and non-controlling interest in the acquiree. Therefore, the correct answer is D.

The Final Step in the Acquisition Method Is