Question: Question 1 he Determination and Distribution Schedule is always prepared using the original fair values of the subsidiary's assets and liabilities on the date of

Question 1
he Determination and Distribution Schedule is always prepared using the original fair values of the subsidiary's assets and
liabilities on the date of acquisition.
True
False
Question 2
The amortization of the excess of fair over book value is included in the
company's income distribution schedule.

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