- Question 5 Not yet answered Marked out of 1.50 P Flag question X Corporation concluded that the fair value of H Company was $80,000 and paid that amount to acquire all of its net assets. H reported assets with a book value of $60,000 and fair value of $98,000 and liabilities with a book value and fair value of $23,000 on the date of combination. X also paid $3,000 to a search firm for finder's fees related to the acquisition. What amount will be recorded as Investment in H Com by X Corporation Select one: a. 79,000 b. 77,000 C. 80,000 d. 83,000