In which situation does a gain on bargain purchase arise and how does AASB 3 requires it to be treated?

Group of answer choices

Gain on bargain purchase arises when the fair value of the consideration paid (FVC) is greater than the nominal value of the assets purchased. AASB 3 requires an excess to be eliminated by recognising it as a gain in the period in which the acquiree was purchased

Gain on bargain purchase arises when the fair value of the identifiable net assets (FVINA) acquired exceeds the fair value of the consideration paid (FVC). AASB 3 requires a reassessment of the FVINA and FVC. If the gain on bargain purchase remains after the reassessment, it must be recognised immediately as income in the profit or loss

Gain on bargain purchase arises when fair value of the consideration paid (FVC) is greater than the fair value of the identifiable net assets (FVINA) acquired. AASB 3 requires a reassessment of the FVINA and FVC. If the gain on bargain purchase remains after the reassessment, it must be recognised immediately as income in the profit or loss

Gain on bargain purchase arises when the fair value of consideration paid (FVC) exceeds the fair value of the identifiable net assets purchased (FVINA). AASB 3 requires the equity of the acquiree to be proportionately decreased until the excess is eliminated