When assets are acquired, the target company never makes any entries on its books as a result of the combination.

Name: When assets are acquired, the target company never makes any entries on its books as a result of the combination.
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Question

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When assets are acquired, the target company must record the acquisition on its books, reflecting the change in ownership of the assets, which often involves adjusting asset valuations and recognizing any liabilities assumed in the transaction.

When Assets Are Acquired, the Target Company Never Makes Any