T CO, a subsidiary acquired for cash, owned Furniture with a fair value higher than the book value as of the date of combination. A consolidated balance sheet prepared immediately after the acquisition would include this difference in?

Select one:

a. differential

b. retained earnings

c. goodwill

d. Furniture

Acquisition occurs when one corporation takes over all the operations of another business entity, and that entity is dissolved

Select one: True False

A merger occurs when one corporation takes over all the operations of another business entity, and that entity not dissolved

Select one: True False