The Identifiable Assets Acquired and Liabilities Assumed Need to Be

question 7

Multiple Choice

The identifiable assets acquired and liabilities assumed need to be recognized and measured.Why are the acquirees' book values not suitable?

• A)Assets and liabilities may have changed value
• B)Additional intangible assets and liabilities are not on the balance sheet
• C)The accounts may have a different date
• D)They may be in a different currency

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