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kortni916 kortni916
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5 years ago
What is meant by a bargain purchase and how is it recorded?
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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wrote...
5 years ago
 A company makes a bargain purchase when the fair value of the identifiable net assets in an acquisition exceeds the purchase price.  The acquiring firm reports the gain from the bargain purchase as income from continuing operations on the income statement.
kortni916 Author
wrote...
5 years ago
Enough said, this helped my grade so much
wrote...
5 years ago
Perfect
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