Question $3$:

On June $10,20$X$8,$ Tower Corporation acquired $100$ percent of Brown Company's common stock. Summarized balance sheet data for the two companies immediately after the stock acquisition are as follows:

$\backslash$table$[[,$Tower Corp.,Brown Company$],[$Item$,,$Book Value,Fair Value$],[$Cash$,$$$15,000,$$$5,000,$$$5,000$