If the purchase cost is less than the fair value of the net assets purchased,...
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Accounting
If the purchase cost is less than the fair value of the net assets purchased, there are merger gains (Bargain) that must be treated as:
As an income, and it is included directly in the income statement.
As a loss it is included directly in the balance sheet statement.
As a loss, and it is included directly in the income statement.
As an income it is included directly in balance sheet statement.
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