(9) In an asset acquisition: a. A consolidation must be prepared whenever financial statements are issued. b. The acquiring company deals only with existing shareholders, not the company itself. c. The assets and liabilities are recorded by the acquiring company at their book values. d. Statements for the single combined entity are produced automatically and no consolidation process is needed. (10) Parr Company purchased 100% of the voting common stock of Super Company for $2,000,000 There are no liabilities. The following book and fair values pertaining to Super Company are available: Current assets Land and building Machinery Goodwill Book Value $300,000 600,000 500,000 100,000 Fair Value $600,000 900,000 600,000 The amount of machinery that will be included in on the consolidated balance sheet is: * $560,000 b. $860,000 c. $600,000 - d. $900,000