A company should immediately recognize:
A) any gain when it makes a bargain purchase.
B) any loss when it ignorantly pays too much for an asset originally.
C) any gain when it constructs a piece of equipment at a cost savings.
D) any loss when it receives any asset lower than its book value.

Question

Quizplus · Accepted Answer

The Answer of A company should immediately recognize:
A) any gain when it makes a bargain purchase.
B) any loss when it ignorantly pays too much for an asset originally.
C) any gain when it constructs a piece of equipment at a cost savings.
D) any loss when it receives any asset lower than its book value.

A Company Should Immediately Recognize