ABC Ent, purchases 90% of the outstanding voting shares of DEF Corp on January 1, 2021. On that date,   A. ABC’s Non-controlling interest account will include 10% of the book value of DEF’s net assets B. ABC’s Non-controlling interest account will include 10% of the fair value of DEF’s net asset. C. ABC’s Non-controlling interest acocunt will include 10% of any unallocated portion of the acquisition differential on the Date of Acquisition. D. ABC’s Non-controlling interest account will include 10% of the acquisition differential on the Date of Acquisition.   2. In a share acquisition business combination resulting in a parent- subsidiary relationship, the difference between the current fair values and book values of the subsidiary’s identifiable net assets on acquisition date are:   A. Entered in the accounting records of the subsidiary B. Provided in a consolidated statement worksheet elimination. C. Account for in appropriately titled ledger accounts in the parent company’s accounting records D. Disregarded   3. The existence of overvalued assets (when comparing book and market value) on the books of the entity acquired in an acquisition method business combination:   A. Increase the excess of cost over book value applicable to unrecorded goodwill. B. Has the same effect as overvalued liabilities on the excess of cost over book value applicable to unrecorded goodwill C. Decrease the excess of cost over book value applicable to unrecorded goodwill. D. Means that there will never be goodwill recorded in the business combination.       4. At the date of purchase, business combination resulting in a parent-subsidiary relationship, the difference between current fair values and carrying amounts of the subsidiary’s net asset is:   A. Accounted for in some other manner. B. Reflected in a consolidation elimination C. Recorded in the applicable asset and liability accounts of the parent company D. Recorded in the applicable asset and liability accounts of the subsidiary