1. A and Z are entering into a stock for stock transaction in which A acquires 100% of Z's stock. Prior to the transaction, A has 1,000 share outstanding. A owns a patent with a BV of $0 and a FV of $10,000. Z owns a copyright with a BV of $5,000 and a fair value of $20,000. Indicate which is the acquirer under the indicated scenarios and what would be the value of the patent and copyright in consolidation. (Note, only the acquired firms A or L go to FV)

	A issued 500 shares	A issued 1,500 shares
Is A or Z the Acquirer?
Consolidated patent value
Consolidated copyright value