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Business combination accounting results in either Bargain Purchase Gain or Goodwill. Bargain Purchase Gain happens when the fair value of the assets is greater than the fair value of the liabilities and equity.
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Business combination accounting results in either Bargain Purchase Gain or Goodwill. • Bargain Purchase Gain happens when the fair value of the assets is greater than the fair value of the liabilities and equity. • Goodwill happens when the fair value of the liabilities and equity is greater than the fair value of the assets. Net Worth Technical Change