Gain on bargain purchase is recognized when Select one: O a. the cost of acquisition (investment cost of the acquirer) and non-controlling interest in the acquiree is paid for by cash O b. the cost of acquisition (investment cost of the acquirer) and non-controlling interest in the acquiree exceed the fair value of the identifiable assets and liabilities acquired O c. the cost of acquisition (investment cost of the acquirer) and non-controlling interest in the acquiree is less than the fair value of the identifiable assets and liabilities acquired O d. the cost of acquisition (investment cost of the acquirer) and non-controlling interest in the acquiree is equal to the fair value of the identifiable assets and liabilities acquired