How are bargain purchases accounted for in an acquisition business transaction?

What will be an ideal response?


A bargain purchase results when the collective fair values of the net identified assets acquired and liabilities assumed exceed the fair value of consideration transferred. The assets and liabilities acquired are recorded at their fair values and the bargain purchase is recorded as a Gain on Bargain Purchase.

Business

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One Fortune article states that "vision should describe what's happening to the world you compete in and what you want to do about it" and

A. "it should help reduce competition." B. "it should guarantee organizational success" C. "it should guide decisions." D. "it should improve employee morale." E. "it should reduce the glass ceiling."

Business

A chart of accounts doesn't include

a. account balances; b. liabilities; c. owner's equity; d. revenue and expenses; e. assets

Business

Electronically dispensed checkout coupons

A. are available on a company's website and must be printed out to be used. B. are cost effective and can be targeted to specific categories of consumers. C. are attached to the outside of the package so they can be ripped off and redeemed immediately. D. have no redemption deadline. E. generate impulse buying and product trial.

Business

Communicative exchanges that occur between people within a workplace are aimed toward accomplishing workplace goals and objectives are known as ______ communication.

a. workplace b. organizational c. task-oriented d. business

Business