ClassCo acquires StudentCo with pre acquisition Balance Sheets below
ClassCo pays $750,000 cash + $2,900,000 in ClassCo shares [new issue]					7,50,000
ClassCo determines Fair value of StudentCo assets as follows:					27,50,000
Student Co. was not dissolved
	FV adjustments to BS items
	A/R	40,000	the fair value[FV] greater than BV by amt on left
	Inventory	60,000	FV > BV
	Net PPE	90,000	the FV is greater than BV by amt. on left, life 5 years
	Current Liabilities	75,000	the FV less than BV for accrued expense in C.Liab. By amt. on left
and the following FV assets were determined not on Student BS
	Patents	2,00,000	4 year life
	trademarks	1,50,000	indefinite
						StudentCo
Before Acquisition			ClassCo	StudentCo	StudentCo	Excess
Assets:			$s	$s	FV $s	(less) Book
Cash			10,90,000	4,40,000
A/R			31,00,000	11,00,000
Inventory			22,00,000	14,50,000
Current Assets			63,90,000	29,90,000
Net PPE			44,00,000	18,00,000
Investments			0	0
Intangibles			0	0
Goodwill			1,10,000	0			1,10,000	from earlier investment
Total Assets			1,09,00,000	47,90,000
Current Liabilities			30,00,000	7,90,000
Long term Debt			29,00,000	18,00,000
Total Liabilities			59,00,000	25,90,000
Equity: Capital			40,00,000	18,00,000
Equity: Retained earnings			10,00,000	4,00,000
Total Equity			50,00,000	22,00,000
Total Liabilities & Equity			1,09,00,000	47,90,000
		check	0	0	0	0
TO DO
[a]Above boxes: Show Fair Value by asset & liability similar to a BS
[b]Prepare a post acquisition consolidate balance sheet
with Student Co not dissolved; show column of ClassCo BS after acquisition, Show StudentCo column Student Co BS
and consolidating columns				and consolidated BS