When using purchase accounting to account for a business combination,the subsidiary's assets and liabilities are reported on the consolidated balance sheet at their fair values at the date of purchase regardless of whether there is a noncontrolling interest.

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The Answer of When using purchase accounting to account for a business combination,the subsidiary's assets and liabilities are reported on the consolidated balance sheet at their fair values at the date of purchase regardless of whether there is a noncontrolling interest.

When Using Purchase Accounting to Account for a Business Combination,the