For business combinations involving less than 100 percent ownership, the acquirer recognizes and measures all of the following at the acquisition date except

For business combinations involving less than 100 percent ownership, the acquirer recognizes and measures all of the following at the acquisition date except:

A) Identifiable assets acquired, at fair value.

B) Liabilities assumed, at book value.

C) Non-controlling interest, at fair value.

D) Goodwill, or a gain from bargain purchase.

E) None of these choices is correct.

Answer: B