Where an entity acquires a bundle of assets and the total cost of the assets is greater than the sum of the fair values of the assets acquired, a bargain purchase has been made.

Name: Where an entity acquires a bundle of assets and the total cost of the assets is greater than the sum of the fair values of the assets acquired, a bargain purchase has been made.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the total cost is less than the sum of fair values, then a bargain purchase has been made.

Where an Entity Acquires a Bundle of Assets and the Total