CFA Practice Question

There are 334 practice questions for this study session.

CFA Practice Question

In accounting for a business combination, a bargain purchase exists when

A. purchase price > book value.
B. fair market value > purchase price.
C. fair market value < book value.
D. fair market value > book value.
E. fair market value < purchase price.
Correct Answer: B

User Contributed Comments 1

User Comment
Mikehuynh Bargain purchase = purchase price < fair market value.
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