Bank A purchases the consumer banking division of Bank B at $3 billion in 2020. The purchase price includes net asset value of about $2.3 billion of the businesses being sold and a premium of $675 million paid by Bank A. 5000 specialized Bank B employees with substantive knowledge process from the division will be transferred to Bank A. Bank A is confident that this transaction will advance its position in the region. Based on the given facts, according to AASB 3. explain whether the above transactions constitute as a business combination or is an acquisition of assets under the Framework? Company A issued 600,000 shares of $4 par common stock with a fair value of $ 4,400,000 for all the voting common stock of Company B. In addition, Company A incurred $200,000 incidental costs and share issue costs of $40 000. Immediately before the acquisition in which San Company was dissolved, San's assets and equities were as follows (in thousands): Book Value$ 1 000 6 600 1 400 7 000 900 Current assets Fair Value$ 1 000 Plant assets 4 000 1 600 Liabilities Common stock Retained earnings Reauired: Prepare all journal entries on company A's books to record the acquisition.