ACME Co Paid $110,000 for the Net Assets of Comb Corp

Multiple Choice

ACME Co. paid $110,000 for the net assets of Comb Corp. At the time of the acquisition the following information was available related to Comb's balance sheet:

-Refer to ACME Co. and Comb Corp. What is the amount recorded by ACME for the Building?

A) $110,000
B) $20,000
C) $80,000
D) $100,000