dividends. Its share of the gain on acquisition of the subsidiary has to be reported separate from the parent's share of the gain. Question 32 3 pts ABC Co. acquired the net assets of XYZ Co. at the beginning of 2022. On that date, XYZ had assets with a book value of 120,000 and a fair value of 150,000. XYZ's liabilides had a book and a fair value of $60,000. ABC Co. recorded a gain of $25,000 on this acquisition. What was the price that ABC paid to acquire XYZ's net assets