a company records a "Gain on bargain purchase' as a result of buying another company...

70.2K

Verified Solution

Question

Accounting

a company records a "Gain on bargain purchase' as a result of buying another company in the same industry for less than the fair value of its net assets. what would be the best classification in the reformulated income statement>

a. financial income

b. core operating income from sales

c. core other operating income

d.unusual operating incom

e. financing OCI

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students