In a business combination - stock acquisition, difference between current fair values and book values of subsidiary’s identifiable assets and liabilities on acquisition date is: [a] Accounted for in the parent company’s books [b] Accounted for in the subsidiary’s books [c] not accounted in the books but is accounted for in the preparation of consolidated financial statements [d] totally disregarded

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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In a business combination - stock acquisition, difference between current fair values and book values of subsidiary’s identifiable assets and liabilities on acquisition date is: 

[a] Accounted for in the parent company’s books
[b] Accounted for in the subsidiary’s books
[c] not accounted in the books but is accounted for in the preparation of consolidated financial statements
[d] totally disregarded
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