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1. For business combinations involving less than 100 percent ownership, the acquirer recognizes and measures all of the following at the acquisition date except: A.

1. For business combinations involving less than 100 percent ownership, the acquirer recognizes and measures all of the following at the acquisition date except: A. identifiable assets acquired, at fair value. B. liabilities assumed, at book value. C. noncontrolling interest, at fair value. D. goodwill or a gain from bargain purchase. E. none of these choices is correct

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