When a subsidiary has a 20% noncontrolling interest, and the acquisition is a bargain purchase, the gain on acquisition is Question 4 options: a) 80% of the fair value of identifiable net assets less acquisition cost less fair value of noncontrolling interest b) The fair value of identifiable net assets acquired less acquisition cost c) The acquisition cost plus the fair value of noncontrolling interest less the fair value of identifiable net assets acquired d) 80% of the fair value of identifiable net assets less acquisition cost