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The consolidated statement of income for Khan Ltd. shows a gain arising from a bargain purchase of Dilly Ltd. What caused this gain to arise?

The consolidated statement of income for Khan Ltd. shows a gain arising from a bargain purchase of Dilly Ltd. What caused this gain to arise? 1) Khan did not purchase 100% of Dilly's voting shares. 2) Khan paid the fair value for Dilly's shares. 3) Khan paid more than the fair value for Dilly's shares. 4) Khan paid less than the fair value for Dilly's shares.

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