QUESTION $1$True or false: Fair value is the primary measurement attribute used in accounting for a newly acquired company in a business combination. True FalseQUESTION $2$Which of the following is not a reason for one company to gain control over another with less than $100\%$ ownership? the parent firm may not have resources sufficient to acquire all of its subsidiary shares. the laws of some countries prevent complete ownership by a foreign firm. some outside owners of the subsidiary company may have been unwilling to sell their shares. $100\%$ ownership may result in a noncontrolling interest that seeks to control decision$-$making. All are reasons.QUESTION $3$For financial reporting purposes, the acquisition method views a parent company and its controlled, but less than $100\%$ owned, subsidiary as a noncontrolling interest. a multiple economic unit. independent reporting entities. none of the included answers.