Which term refers to the practice of revaluing an acquired subsidiary's assets and liabilities to their fair values directly on that subsidiary's books at the date of acquisition? A) Fair value accountingB) Push-down accountingC) Fully adjusted methodD) Reciprocal ownership

Answer: The correct answer is B) Push-down accounting.

Explanation: Push-down accounting is the practice of revaluing the assets and liabilities of a subsidiary acquired at fair value directly in the books of that subsidiary on the date of acquisition. It is a type of accounting used exclusively when a company buys another company.