An Acquired Company's Tax Basis of Identifiable Net Assets Acquired

An acquired company's tax basis of identifiable net assets acquired is lower than the fair value of identifiable net assets acquired. The acquisition is nontaxable. Which statement below is true?

A) The acquiring company reports an acquired deferred tax asset.
B) In future years, because of the difference in tax basis and fair value of acquired identifiable net assets, reported tax expense will be less than taxes paid.
C) No deferred tax assets or liabilities are acquired.
D) In future years, taxable income will be lower than earnings before tax reported on the books.