Exercise 1 (10 2.3, 4) Asset versus stock acquisition. Barsuw Campany is conscmplating stoc acquistion of the net asses of Crown Company for 5875,000 caah. To complete the trantaction, acquisizion corts are $15,000. The balance abeet of Crown Conpany on the purchase date is as follows The followieg fair values have been obeained for Crown's identifialk assets and liabdution: 1. Recond the acquation of the nce ascis if Crome Company an Barnuw Compunyk bovoto. 2. Recoed the all of the nit assec on the books of Crows Company. 3. Recosd the acquisition of 100% of the common sook of Cromen Company an Hatwumt beoks. Cromp Company will remain a spparate lepal enoty