Question 1:	A 100% asset acquisition of Sub Company by Parent Company (using cash and a bond issue) would most likely require which of the following?
a)	Minority Interest
b)	CR - Inventory $105,000
c)	CR - Common Stock $100,000
d)	None of the above

Parent Company Balance Sheet			Sub Company Balance Sheet
Assets, Liabilities & Equities	Book Value		Assets, Liabilities & Equities	Book Value	Fair Value
Cash	$250,000		Cash	$40,000	$40,000
AR	$30,000		AR	$15,000	$10,000
Inventory	$150,000		Inventory	$105,000	$200,000
Land	$100,000		Land	$60,000	$100,000
Plant and Equipment	$600,000		Plant and Equipment	$400,000	$300,000
Less: Accumulated Depreciation	-$150,000		Less: Accumulated Depreciation	-$150,000
Total Assets	$980,000		Total Assets	$470,000	$650,000
AP	$20,000		AP	$50,000	$50,000
Common Stock	$100,000		Common Stock	$100,000
Additional Paid In Capital	$560,000		Additional Paid In Capital	$60,000
Retained Earnings	$300,000		Retained Earnings	$270,000
Total Liabilities & Equity	$980,000		Total Liabilities & Equity	$480,000