Final answer:
The statement that there are minor exceptions to the use of fair value to measure items acquired or assumed in a business combination is true. Certain specific assets and liabilities are measured according to their unique accounting regulations instead of at fair value.
Step-by-step explanation:
Regarding the use of fair value for measuring items in a business combination, there are indeed some minor exceptions to this rule. The statement is true. Generally, under accounting standards, such as the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP), the acquisition method requires assets acquired and liabilities assumed in a business combination to be measured at their fair values at the acquisition date. However, there are certain exceptions where items may be measured using different bases. For example, certain assets and liabilities such as deferred tax assets, leases, and employee benefits may be measured in accordance with their specific accounting rules rather than at fair value.
The subject of this question is in the realm of business, specifically focused on business combinations and accounting principles related to the measurement of assets and liabilities.