Elon Corp.obtained all of the common stock of Finley Co., paying slightly less than the fair value of Finley’s net assets acquired.How should the difference between the consideration transferred and

Elon Corp.obtained all of the common stock of Finley Co., paying slightly less than the fair value of Finley’s net assets acquired.How should the difference between the consideration transferred and the fair value of the net assets be treated if the transaction is accounted for as an acquisition?


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