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Company P Acquires 100 Percent of the Voting Shares of Company

Question 17

Multiple Choice

Company P acquires 100 percent of the voting shares of Company S for $275,000 on December 31,20X8.The fair value of the net assets of Company P at the date of acquisition was $300,000.This is an example of a(n) :


A) positive differential.
B) bargain purchase.
C) unusual loss.
D) revaluation adjustment.

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