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    Advanced Accounting Study Set 2
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    Exam 1: Business Combinations
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    According to FASB Statement No
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According to FASB Statement No

Question 21

Question 21

Multiple Choice

According to FASB Statement No.141,liabilities assumed in an acquisition will be valued at the ________.


A) reasonably estimated fair value
B) historical book value
C) current replacement cost
D) present value using market interest rates

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