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Where the consideration transferred is less than the fair value of the identifiable net assets and contingent liabilities acquired, the difference must be recognised in

Where the consideration transferred is less than the fair value of the identifiable net assets and contingent liabilities acquired, the difference must be recognised in the consolidation worksheet as:

Select one:

a. a transfer to the business combination valuation reserve.

b. a gain on bargain purchase.

c. goodwill.

d. an increase in the Shares in subsidiary asset.

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