_____ In a business combination in which the assets of the target company are acquired, which of the following cannot occur, arise, or result?
A) The recognition of a bargain purchase element .
B) A statutory consolidation.
C) Goodwill.
D) A new basis of accounting.
E) None of the above.

Question

Quizplus · Accepted Answer

In a business combination where the assets of the target company are acquired, a statutory consolidation does not occur. Statutory consolidation happens when two companies combine to form a new company, which is different from an asset acquisition where one company acquires the assets of another.

_____ in a Business Combination in Which the Assets of the Target