15. Topic: GAAP Approaches to Business Combinations Current GAAP identifies three approaches to assigning values to assets acquired in a business combination. Which of the following is not a recognized valuation technique for allocating the acquisition price to specific assets?

a. Market Approach b. Residual Value Approach c. Cost Approach d. Income Approach

16. Topic: Acquired Research and Development Costs In-process intangible research and development costs acquired as part of a business combination are:

a. Expensed, consistent with the accounting treatment of a firm's own R & D expenditures b. Debited to the Equity of the acquirer c. Recorded as an intangible asset d. Included in Goodwill

**Please provide computations and explanation. Thank you!!