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Ikan Bhd. acquired Kerang Sdn. Bhd. in a business combination and Kerang Sdn. Bhd. went out of existence Kerang Sdn. Bhd. developed a patent listed

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Ikan Bhd. acquired Kerang Sdn. Bhd. in a business combination and Kerang Sdn. Bhd. went out of existence Kerang Sdn. Bhd. developed a patent listed as an asset on Kerang's books at the patent office fing cost. In recording the combination, Select one: A. the patent is recorded as an asset of fair market value. B. the potent's market value increases goodwill. C. fair value is not assigned to the patent because the research and development costs have been expensed by Kerang Sdn. Bhd. D. Kerang Sdn. Bhd's prior experises to develop the paleni care recorded as an asset by ikon Bhd. at purchase

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