1. Penske Company acquired all of Stanza??s outstanding stock onDecember 31, 2018, for $580,000 cash. Stanza??s accounting recordsshowed net assets on that date of $390,000,

1. Penske Company acquired all of Stanzaâ??s outstanding stock onDecember 31, 2018, for $580,000 cash. Stanzaâ??s accounting recordsshowed net assets on that date of $390,000, although a piece ofeq 2 answers