At Acquisition Date,the Cost Price and Fair Value Should Be

question 17

Multiple Choice

At acquisition date,the cost price and fair value should be fairly equivalent.However,with the passage of time:

• A)the fair value and cost price of an item can diverge
• B)the fair value and cost price of an item remain fairly constant
• C)the fair value is always greater than the cost price
• D)the cost price is always greater than the fair value

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