When an acquirer accounts for a business combination,

A$.$ The carrying amounts of assets transferred are more significant than their fair values.

B$.$ The identifiable assets acquired and liabilities assumed must be measured at their acquisition$-$date fair values.

C$.$ The carrying amounts of the liabilities of the combining entities are carried forward to the balance sheet of the consolidated group.

D$.$ The income statement for the consolidated group for the period of the combination must include the combined results of operations for the entire period for all combining companies.