On the date of a business combination resulting in a

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On the date of a business combination resulting in a parent-subsidiary relationship, the differences between current fair values and carrying amounts of the subsidiary's identifiable net assets are:

  • Included in a working paper elimination
  • Recognized in the applicable asset and liability ledger accounts of the subsidiary
  • Recognized in the applicable asset and liability ledger accounts of the parent company
  • Accounted for in some other manner

Reference no: EM13609592

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