1. What is the accounting concept of a business combination? 2. Is dissolution of all but one of the separate legal entities necessary in order to have a business combination? Explain. 3. What are the legal distinctions between a business combination, a merger, and a consolidation? 4. When does goodwill result from a business combination? '5.How does goodwill affect reported net income after a business combination? 6. What is a bargain purchase? Describe the accounting procedures necessary to record and account for a bargain purchase