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In addition, the invetor provded ta the seller contingent comideration with a fair value of 4400 and the investor paid an abditional 51c0 of trantiction costs to an unaffituted tient party. The contingent consiberation has a potential settiernent value of sgoo in two years, and is not a derivative financial imtrument. The book values are from the incesters finanebd records immediately belore the exchange. The fair yalues are measured in accordance with FASB ASC 820: Foir Value Measurement. Parts a, and b ate independent of each other. If no additional debit or credit entries are required, select "No entry" as the answer. a. Provide the jparnal entry recorded by the imvestor compony assuming that the net assets transferred from the investee danor qualify as a "businers" as itat term is difined in FkSe b. Trovide the journal entry recorded by the imestor compony assuming that the net assets transferred from the investee qualify as a "buainess" as that term is defined in FAsa Ase Master Glossary: Hicase answer aliparts of the qumtion' Effects of qualifying as a business on asset acquisitions Assume that on fanuary 1, 2022 an investor company paid $4,500 to an investee compary in exchange for the following assets and liabilities In addition, the investor provided to the seller contingent consideration with a fair value of $400 and the investor paid an additional 5100 of t party. The contingent consideration has a potential settlement value of $900 in two years, and is not a derivative financial instrument. The bo records immediately before the exchange. The fair values are measured in accordance with FASB ASC 820: Fair Value Measurement. Parts a. and b. are independent of each other. If no additional debit or credit entries are required, select "No entry" as the answer. a. Provide the journal entry recorded by the investor company assuming that the net assets transferred from the investee do nof qualify as a ASC Master Glossary. tess on asset acquisitions an investor company pald $4,500 to an investee company in exchange for the following assets and liabilities transferred from the investee company: Id to the selier contingent consideration with a fair value of $400 and the investor paid an additional $100 of transaction costs to an unaffiliated third tion has a potential sertlement value of $900 in two years, and is not a derivative financial instrument. The book values are from the imvestees financiaf exchange. The fair values are measured in accordance with FASB ASC 820: Fair Value Measurement. of each other. t entries are required, select "No entry" as the answer. orded by the inventor company assuming that the net assets transferred from the investee do not qualify as a "business," as that term is defined in FAsB. b. Provide the journal entry recorded by the investor company assuming that the net assets transferred from the investee qualify as a "busin Master Glossary. hease answer all parts of the questobn. Mrts of mie