Exercise 1:

On January 1, 2018, Company A acquired 100% of Company B by issuing 3,000 shares of its own common stock. Company A and B are both publicly traded companies. On the transaction date, the listed per share stock prices of Company A and B, were $130 and $60, respectively.

The following are the condensed balance sheets of A and B, and the fair values of companies' assets and liabilities just prior to the transaction.

Part 2

Using the data from the exercise 1, assume that Company C was specifically formed to effect the business combination.

On January 1, 2018, Company C issued:

4,000 shares of its own common stock for 100% of Company A's common stock and

6,000 shares of its own common stock for 100% of Company B's common stock.

What company is the legal acquirer, accounting acquirer, and the accounting acquiree in this transaction?