Asset acquisition vs. stock purchase (fair value differs from book value) Ascume an investor purchases the net assets of an investee for the cash purchase price is 516 , 800 . The investor is wiling to purchase the investees business for this amount because the fair value of PPE is $15,680 and the fair value of a (previously uneccognized) custorner list is 53,360 (the fair values of all other assets and liabilities are equal to their beok values). The investee company roports the following balance sheet on the acquistion date: Parts a. and b. are independent of each other. a. Provide the joum lentry if the irvestor purchases the assets and assumes the labialies of the investee compary. b. Fronde the journal entry if the investor purchases all of the stock of the invertees sthrehoiders: Parts a. and b. are independent of each other. a. Provide the journal entry if the investor purchases the assets and assumes the labilities of the inestee compary. 6. Provice the pumal entry if the inveitor purchases all of the stock of the hivestee's shsicholders