Select the Incorrect Statement from the Following

Multiple Choice

Select the incorrect statement from the following:

A) The financial statements for a 100% asset acquisition will be different from the consolidated financial statements for a 100% stock acquisition.
B) Business combinations usually, but not always, transfer ownership of the acquired business entity from one stockholder group to another.
C) Purchased assets are recorded at their current value to the purchaser, without regard to their recorded value to the seller.
D) The excess of acquisition cost over the current value of the investee's identifiable net assets is recorded as goodwill.