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Under the acquisition method for business combinations: a. Net assets of both the acquiring and acquired companies are reported at their book values b. net
Under the acquisition method for business combinations:
a. Net assets of both the acquiring and acquired companies are reported at their book values
b. net assets of both the acquiring and acquired companies are reported at their fair market values
c. net assets of the acquired company are reported at their fair market values
d. net assets of the acquiring company are reported at their fair market values
e. all answers are incorrect
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