1) All of the following are differences in an asset acquisition compared to a stock acquisition except for:

A) Who the consideration is paid to by the acquiring company

B) The recognition of any gain or loss on the part of the target company

C) The valuation used to account for the value of the acquired assets and liabilities

D) The journal entries that would be made on the part of the acquiring company

2) Company ABC owns 100% of the outstanding shares of Company XYZ, and accounts for the net income of Company XYZ using the Cost Method. When Company XYZ reports quarterly Net Income of $40,000 on 6/30/18, Company ABC will:

A)	Debit Dividends Receivable and Credit Investment Income $10,000 as its only for a quarter of the year

B)	Company ABC will make no journal entry resulting from this transaction

C)	Debit Investment Income and Credit the Investment $40,000

D)	Debit the Investment and Credit Investment Income $40,000