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- In accounting, the gain on a bargain purchase is recorded when the fair value of the net assets acquired is greater than the consideration paid. The amount of the gain is equal to the excess of the fair value over the consideration paid. The gain on bargain purchases is recorded in the income statement.accountinginside.com/journal-entry-for-gain-on-bargain-purchase/
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Journal Entry for Gain on Bargain Purchase - Accountinginside
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