Question: Case A Target's Books Book Value Fair Value Current Assets $15,000.00 $20,000.00 Long-term Assets $85,000.00 $130,000.00 Liabilities $20,000.00 $30,000.00 Assume Parent offers $150,000 for 100%

Case A Target's Books Book Value Fair Value Current Assets $15,000.00

Case A Target's Books Book Value Fair Value Current Assets $15,000.00 $20,000.00 Long-term Assets $85,000.00 $130,000.00 Liabilities $20,000.00 $30,000.00 Assume Parent offers $150,000 for 100% of Target's net assets. Case B Target's Books Book Value Fair Value Current Assets $15,000.00 $30,000.00 Long-term Assets $85,000.00 $80,000.00 Liabilities $20,000.00 $20,000.00 Assume Parent offers $130,000 for 100% of Target's net assets. Case C Target's Books Book Value Fair Value Current Assets $15,000.00 $40,000.00 Long-term Assets $85,000.00 $60,000.00 Liabilities $20,000.00 $60,000.00 Assume Parent offers $25,000 for 100% of Target's net assets. For each of the cases, prepare the journal entries that would be recorded on the Parent's bo

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