In the periods after acquisition, the gain on bargain purchase will be recognised in the pre-acquisition entries as:
A) no adjustment is necessary.
B) a credit to gain for the current period.
C) a debit to retained earnings (closing balance).
D) a decrease in the amount debited to retained earnings (opening balance).

Question

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The Answer of In the periods after acquisition, the gain on bargain purchase will be recognised in the pre-acquisition entries as:
A) no adjustment is necessary.
B) a credit to gain for the current period.
C) a debit to retained earnings (closing balance).
D) a decrease in the amount debited to retained earnings (opening balance).

In the Periods After Acquisition, the Gain on Bargain Purchase