Reference no: EM132992592

Problem 1: The acquisition method requires which of the following?

Group of answer choices

Option 1: recognizing and measuring goodwill or a gain from a bargain purchase

Option 2: recognizing and measuring the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree.

Option 3: identifying the acquirer

Option 4: all of these

Option 5: determining the acquisition date

Problem 2: After this type of business combination, the acquired entity ceases to exist as a separate legal or accounting entity. The acquirer records in its accounting records the assets acquired and liabilities assumed in the business combination.

Group of answer choices

Option 1: acquisition of control without transfer of consideration

Option 2: combination of mutual entities

Option 3: stock acquisition

Option 4: asset acquisition