On June 3, 2016, Shire plc acquired all of the outstanding common stock of Baxalta, Inc. for $18.00 per share in cash and shares of Shire common stock, amounting to a total purchase price of approximately $32 billion. Shire 's December 31, 2016 annual report summarized the assignment of fair values to net assets as follows (in millions):

  

a. Related to the Baxalta acquisition amounts that will appear in the [A] consolidation entry on that date? 

b. Assume none of the intangible assets were reported on Baxalta's pre-acquisition balance sheet Prepare the [A] consolidation entry to recognize the intangible assets on the consolidated balance sheet at December 31, 2016 are the preliminary values as of December 31, 2016 the b. 

c. With respect to the measurement period adjustments, what are the primary factors that caused Goodwill to increase more than $5 billion between June 3 and December 31, 2016? Describe the logic of the transfer between these account categories.

(In millions) ASSETS Current assets: Cash and cash equivalents Accounts receivable..... Inventories..... Other current assets... Total current assets. Property, plant and equipment. Investments. Goodwill.... Intangible assets Currently marketed products.. In-Process Research and Development ("IPR&D").. Contract based arrangements Other non-current assets... Total assets....... LIABILITIES Current liabilities: Accounts payable and accrued expenses... Other current liabilities... Long-term borrowings and capital lease obligations... Deferred tax liability... Other non-current liabilities. Total liabilities...... Preliminary fair value of identifiable assets acquired and liabilities assumed... Consideration Preliminary fair value of purchase consideration.... Preliminary fair values as of June 3, 2016 $ 583.2 1,071.7 5,341.1 673.3 7,669.3 5,687.7 128.2 6,106.4 24,550.0 2,940.0 72.2 103.3 $47,257.1 $ 1,283.9 241.0 5,424.9 6,831.7 1,092.1 $14,873.6 $32,383.5 $32,383.5 Measurement period adjustments $ (2.0) (1,447.7) (97.3) (1,547.0) (235.0) 5,316.0 (2,555.0) (2,210.0) (30.0) 51.7 $(1,209.3) $ 38.0 113.4 (1.386.4) 11.5 $(1,223.5) $ 14.2 $ 14.2 Preliminary fair values as of December 31, 2016 $ 583.2 1,069.7 3,893.4 576.0 6,122.3 5,452.7 128.2 11,422.4 21,995.0 730.0 42.2 155.0 $46,047.8 $ 1,321.9 354.4 5,424.9 5.445.3 1,103.6 $13,650.1 $32,397.7 $32,397.7