Which of the following statements isnottrue about gain on bargain purchases?

It is not commonly seen.

It is seen as an anomalous transaction because business entities and their owners generally do not knowingly and willingly sell assets or businesses at prices below their fair value.

It could occur through a forced liquidation or distress sale, for example, after the death of a founder or key manager.

It represents the gaining of control of an entity for an amount more than the fair value of the proportional share of the identifiable assets acquired and the liabilities