Under purchase accounting,the acquired assets must be written up or written down if the purchase price does not equal net asset value.

Name: Under purchase accounting,the acquired assets must be written up or written down if the purchase price does not equal net asset value.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Under purchase accounting, the acquired assets must be written up or written down if the purchase price does not equal net asset value. This is done to reflect the fair market value of the assets at the time of acquisition.

Under Purchase Accounting,the Acquired Assets Must Be Written Up or Written