Fact Pattern:

On December $31,$ Year $4,$ Rent Company exchanged $25,000$ shares of its $$10$ par value stock for all of the outstanding shares of Subic Company. The fair value of Rent's stock was $$40$ at the date of acquisition.

The December $31,$ Year $4,$ balance sheet items of the Subic Company are presented in the opposite column on both a historical cost and a fair value basis

$\backslash$table$[[,\backslash$table$[[$Historical$],[$Cost$]],\backslash$table$[[$Fair$],[$Value$]]],[$Current assets,$$250,000,$$$300,000$