In a transaction accounted for using the acquisition method where consideration transferred is less than fair value of net assets acquired, which statement is true? Multiple Choice Negative goodwill is recorded. A deferred credit is recorded. O ( Again on bargain purchase is recorded. O Long-term assets of the acquired company are reduced in proportion to their fair values. Any excess is recorded as a deferred credit. O O Long-term assets and liabilities of the acquired company are reduced in proportion to their fair values. Any excess is recorded as gain