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The estimated value of assets acquired and liabilities assumed change subsequent to the acquisition. When should a company record the change as a correction of
The estimated value of assets acquired and liabilities assumed change subsequent to the acquisition. When should a company record the change as a correction of the initial acquisition entry?Select one:a The change reflects value as of the date of acquisition, and occurs within one year.b The change is normally reported as an adjustment to other comprehensive income.c The change is normally reported in income.d The change takes place within one year of the acquisition.
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