Which of the following statements is TRUE?

Question $3$ options:

The acquisition method is required and an acquirer must be identified for all business combinations.

The non$-$acquisition method is required and the seller must be identified for no business combinations.

The fair value through net income method is required and an acquired must not be identified for all business combinations.

The lower of cost and net income acquisition method is never required and an acquirer must be identified for all business combinations.