A part of the cost of a combinee is allocated to identifiable tangible and intangible assets that resulted from research and development activities of the combinee.

Question

Quizplus · Accepted Answer

In a business combination, the acquirer allocates the cost of the combination to the assets acquired and liabilities assumed, including identifiable tangible and intangible assets resulting from research and development activities of the combinee, at their fair values at the acquisition date.

A Part of the Cost of a Combinee Is Allocated