Which of the Following Statements Is Incorrect

Multiple Choice

Which of the following statements is incorrect?

A) The business combination valuation reserve is an account recorded in the subsidiary's records.
B) The acquisition analysis may include the recognition of assets and liabilities not recognised in the subsidiary's records.
C) The acquisition analysis will determine whether any goodwill or gain on bargain purchase has arisen as a part of the business combination.
D) An acquisition analysis is prepared at acquisition date to identify the identifiable assets and liabilities of the subsidiary at fair value.