For business combinations involving less than 100 percent ownership, the acquirer recognizes and measures all of the following at the acquisition date except:
A) Identifiable assets acquired, at fair value.
B) Liabilities assumed, at book value.
C) Non-controlling interest, at fair value.
D) Goodwill, or a gain from bargain purchase.
E) None of these choices is correct.

Question

Quizplus · Accepted Answer

The Answer is B

For Business Combinations Involving Less Than 100 Percent Ownership, the Acquirer