The business combination valuation entries are used to recognise:
A) the fair value adjustments for assets and liabilities that were recorded in the subsidiary's accounts at acquisition date based on carrying amounts different from fair value.
B) the fair value of the assets not recorded in the subsidiary's accounts at acquisition date.
C) the fair value of the liabilities not recorded in the subsidiary's accounts at acquisition date.
D) all of the options are correct.

Question

Quizplus · Accepted Answer

Business combination valuation entries recognize fair value adjustments for assets and liabilities recorded at different carrying amounts, as well as the fair value of unrecorded assets and liabilities at the acquisition date.

The Business Combination Valuation Entries Are Used to Recognise