The book value of a share of Camden common stock on December 31 is $12. The balance sheet value and the market value of the company's assets and liabilities as of that date follow:

On December 31, Conglomerate, Inc. purchased 100 percent of the outstanding stock of Camden for $22 per share.a. How many shares of common stock did Camden have outstanding as of December 31?b. Compute the per-share net market value of Camden's common stock.c. Why would conglomerate pay more than the per-share market value for a share of Camden common Stock?d. Prepare the entry that reflects theacquisition.

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Balance Sheet Value Market Value Cash Receivables S15,000 26,000 15,000 40,000 (60,000) S36,000 S15,000 24,000 25,000 47,000 (60,000) Inventories Fixed assets Liabilities Net book value Net market value S51,000