In a Business Combination, the Appropriate Accounting for an Excess

In a business combination, the appropriate accounting for an excess of current fair values the combinee's identifiable net assets over the combinor's cost is to:

A) Recognize as negative goodwill in the accounting records of the combinee
B) Recognize as additional paid-in capital in the accounting records of the combinor
C) Reduce proportionately current fair values assigned to the combinee's nonmonetary assets and recognize any remaining excess as a deferred credit
D) Reduce proportionately current fair values assigned to the combinee's noncurrent assets other than investments in marketable securities and recognize any remaining excess as a deferred credit
E) Take some other action