Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

Exercise 54

According to the acquisition method of accounting for business combinations, costs paid to attorneys and accountants for services in arranging a merger should be
A) Capitalized as part of the overall fair value acquired in the merger.
B) Recorded as an expense in the period the merger takes place.
C) Included in recognized goodwill.
D) Written off over a five-year maximum useful life.