is the answer

1. choice a

2. choice b

3. choice c

4. choice d

The Grant Company acquired the Lee Company for $600,000 cash. The fair value of Lee's assets was $520,000, and the company had $40,000 in liabilities. Which of the following choices would reflect the acquisition on Grant's financial statements? Assets Liab. + Equity Rev. -Exp Net Inc. Cash Flow Cash Lee's assets Goodwill - A. (600,000) + B. (600,000) + C. (600,000) + D. (600,000) + 520,000 480,000 520,000 520,000 (600,000)oA NA 600,000)oA (600,000)IA NA (600,000)IA + 120,000 40,000 + NA NA NA NA NA- NA- NA- NA- NA 120,000 - NA + 80,000 12e,000 40,000 + NA + NA - NA - NA