"Congratulations.You have been promoted to the manager of a new manufacturing facility that your large corporate employer has just acquired.The former employees will all receive raises and will return on March 1, 2021 after two paid weeks of vacation.The prior owners have indemnified your employer against any outstanding liabilities and all manufacturing orders have been satisfied with the exception of a $2,500,000 order that will require pretty much all of your capacity to produce and for which your company has retained responsibility to deliver on or before June 1, 2021.The pension fund is appropriately funded and being "&"transferred, all receivables and short-term assets will be retained by the seller, except raw materials and roughly $30,000 worth of prepaid expenses and $2,500 worth of office supplies.The acquisition will be of the stock in the corporation; this is not an asset sale--taxes owed and other liabilities are guaranteed by the seller.You might want to check ASC 805-20-25-1.This company makes a product that the parent corporation values highly--nobody else is capable of manufacturing it owing to the patent and intangible skills possessed by the employees. REPT(CHAR(10),2)Your immediate job is to complete the fixed asset accounting for the new organization and"&" as part of this you have received appraisals on the assets contained in the facility."&"You have the responsibility of advising your CFO as to calculations that the accounting staff at headquarters require to finalize accounting for the acquisition. Again, this is a business combination and the acquisition was accomplished by purchasing 100% of the stock of the former corporate owner of these assets. All finished goods and work-in-process inventories are being removed by the seller prior to the turnover date.As of March 1, 2021, you will re-open the facility and will continue to employ all but the 3 top managerial employees who have been replaced. "