Asset acqusition ws, stock purchase (fair value equals book value) Assume that an imetor purchases the business of an investee. The fair value of the investee company is equal to its reported book value and the fair values of the individual net assets are equal to their reported book values. The investee company reports the following balance sheet on the acquiation date: Parts a. and b. are indicpendent of each other. a. Proude the jputral entry if the inwestor pays cash and porchases the assets and asumes the lisbilnes of the investee compary. If no additional debit entries are required, select "No entry" as the answer. a. Prowide the journal entry it the imvestor pays cash and purchases the assets and assumes the liablities of the investee company. If ne additional debit entries are required, select "No entry" as the