Where the acquirer purchases assets and assumes liabilities of another entity it does not need to consider measurement of:
A)consideration transferred
B)fair values of identifiable net assets
C)carrying amounts of identifiable net assets
D)goodwill

Question

Quizplus · Accepted Answer

In an acquisition, the acquirer measures the fair values of identifiable net assets, not their carrying amounts.

Where the Acquirer Purchases Assets and Assumes Liabilities of Another