Seep Acquikition nequired ei ination Note: Use a negative sign to indicate net liabilities acquired. c. Prepare the joumal entries to revalue the equity method investment and record the business combination as a merger. Seep Acquikition nequired ei ination Note: Use a negative sign to indicate net liabilities acquired. c. Prepare the joumal entries to revalue the equity method investment and record the business combination as a merger