Fair-value of identifiable net assets

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Reference no: EM13159229

In a business combination accounted for as an acquisition, how should the excess of fair value of identifiable net assets acquired over implied value be treated?

a) Amortized as a credit to income over a period not to exceed forty years.

b) Amortized as a charge to expense over a period not to exceed forty years.

c) Amortized directly to retained earnings over a period not to exceed forty years.

d) Recognized as an ordinary gain in the year of acquisition.

Reference no: EM13159229

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