Company A acquired all of the outstanding common stock of Company B for $ 18,100,000 cash The book values and fair values of Company B's assets and liabilities were as follows : Current assets Property , plant , and equipment Other assets Current liabilities Long-term liabilities Book Value 7,100,000 12,100,000 1,110,000 5,100,000 Fair Value 8,600,000 15,100,000 1,610,000 6,600,000