In a business combination accounted for as a purchase, the appraised values of the identifiable assets acquired exceeded the acquisition price. How should the excess appraised value be reported?
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a. | As negative goodwill. | |
b. | As positive goodwill. | |
c. | As a reduction of the values assigned to noncurrent assets and an extraordinary gain for any unallocated portion. | |
d. | As a gain, after adjusting the balance sheet, including identifiable intangible assets, to fair value. |
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