7.5 Bargain Purchase Gains
ASC 805-30
50-1 Paragraph 805-10-50-1 identifies one of the objectives of disclosures about a business combination. To
meet that objective, the acquirer shall disclose all of the following information for each business combination
that occurs during the reporting period: . . .
f. In a bargain purchase (see paragraphs 805-30-25-2 through 25-4), both of the following:
1. The amount of any gain recognized in accordance with paragraph 805-30-25-2 and the line item in
the income statement in which the gain is recognized
2. A description of the reasons why the transaction resulted in a gain.