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Which of the following statements in relation to gain on bargain purchase is correct? O a gain on bargain purchase arises when the net fair
Which of the following statements in relation to gain on bargain purchase is correct? O a gain on bargain purchase arises when the net fair value of the identifiable assets acquired and liabilities assumed is greater than the consideration transferred by the acquirer. O b. gain on bargain purchase is unusual because normally the sales price for a whole business will not be less than the sum of the fair value of its parts. gain on bargain purchase is recognised as income in profit or loss in the period it arises. O d. all of the above
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