On June 20, 2011, the Company . . . finalized the Companys acquisition from Unilever of the Sanex personal care business . . . for an aggregate purchase price of $966. . . . This strategic acquisition is expected to strengthen Colgates personal care business in Europe, primarily in the liquid body cleansing and deodorants business. Total purchase price consideration of $966 has been allocated to the net assets acquired based on their respective fair values at June 20, 2011.

Colgate-Palmolive acqqired 100 percent of the fair value of the net assets of Sanex for $966 million in cash. Assume that Sanexs assets (not detailed) at the time of the acquisition had a book value of $480 million and a fair value of $625 million. Colgate-Palmolive also assumed Sanexs liabilities of $70 million (book value and fair value of the liabilities are the same, not detailed).

Journal entry.

A.) Find "Assets": amount?

B.) Find "Cash": amount?