Which One of the Following Is a Characteristic of a Business

Multiple Choice

Which one of the following is a characteristic of a business combination that is accounted for as an acquisition?

A) Fair value only for items received by the acquirer can enter into the determination of the acquirer's accounting valuation of the acquired company.
B) Fair value only for the consideration transferred by the acquirer can enter into the determination of the acquirer's accounting valuation of the acquired company.
C) Fair value for the consideration transferred by the acquirer as well as the fair value of items received by the acquirer can enter into the determination of the acquirer's accounting valuation of the acquired company.
D) Fair value for only consideration transferred and identifiable assets received by the acquirer can enter into the determination of the acquirer's accounting valuation of the acquired company.
E) Only fair value of identifiable assets received enters into the determination of the acquirer's accounting valuation of the acquired company.