GAAP (ASC 810-10-65)states that an acquirer purchases control of the assets and assumes the liabilities of a subsidiary at a price that reflects fair values at the combination date.

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GAAP (ASC 810-10-65) requires that an acquirer purchases control of the assets and assumes the liabilities of a subsidiary at a price that reflects fair values at the combination date.

GAAP (ASC 810-10-65)states That an Acquirer Purchases Control of the Assets