At the acquisition date, the date on which the investor company gains control of the investee company, which of the following occur(s)?

Select one:

A. All of the Equity Investments made by the investor in the investee must be revalued.

B. Any gains or losses as a result of the revaluation should be recognized currently in income.

C. Goodwill is recognized and measured (this only occurs on the date that the parent obtains control of the investee).

D. All of the above answers are correct.