3. Topic: Business Acquisitions JB Company recently acquired 100 percent of Sampson Company for $150,000 cash. Both companies are located outside of the United States and JB needs to prepare consolidated financial statements. JB provided the following information regarding the Sampson's account values at accuisition: Required: Utilize eIFRS to find authoritative guidance regarding business acquisitions and the valuation of items acquired. Prepare the acquisition journal entry based upon your research. Prepare a report to be presented to JB Company's management with specific authoritative literature references