If a Gain on Bargain Purchase Arises on a Business

question 2

Multiple Choice

If a gain on bargain purchase arises on a business combination,the non-controlling interest:

• A)is allocated 100% of the gain
• B)has no involvement with the gain
• C)is entitled to a proportionate share of the gain based on its level of share ownership
• D)receives a proportionate share of the gain after adjustments for tax effects have been made.