a (40 Consolidation at date of acquisitio Assume that the parent company acquires its subsidiary by Stock, with a fair value on the acquisition date of $26 per share, for all of the outstanding voting sh n (purchase price greater than book value) exchanging 103,000 shares o f its Common the investee. In its analysis of the investee company, the parent values all of the subsidiary's assets Patent owned by the subsidiary with a fair value of S290,000. Any further discrepancy between the purchase price and the and liabilities at an amount equaling their book valu es except for an unrecorded