In a step acquisition, which of the following statements is false?
A.
The acquisition method views a step acquisition essentially the same as a single step acquisition.
B.
Income from subsidiary is computed by applying a partial year for a new purchase acquired during the year.
C.
Income from subsidiary is computed for the entire year for a new purchase acquired during the year.
D.
Obtaining control through a step acquisition is a significant measurement event.
E.
Pre-acquisition earnings are not included in the consolidated income statement.