In the CVS acquisition of Longs Drug,the SEC concluded that the purchase price accounting (PPA) was not in compliance with GAAP because:
A)The amount did not reflect current use of Longs personal property at the acquisition date
B)CVS used an overly-aggressive technique to value Longs
C)CVS did not account for its use of Long's assets to generate revenue after the acquisition date
D)All of the above

Question

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The Answer of In the CVS acquisition of Longs Drug,the SEC concluded that the purchase price accounting (PPA) was not in compliance with GAAP because:
A)The amount did not reflect current use of Longs personal property at the acquisition date
B)CVS used an overly-aggressive technique to value Longs
C)CVS did not account for its use of Long's assets to generate revenue after the acquisition date
D)All of the above

In the CVS Acquisition of Longs Drug,the SEC Concluded That