Answer:
At fair values at the April 1, 2015 date of the acquisition.
Explanation:
Note: The full question is attached below for understanding
As Paxton Corporation acquired all of the outstanding voting common stock of Stanley Company and Stanley will remain a separate corporation. Stanley's year-end is December 31. The acquired net assets should be reported based on when Stanley is combined with Paxton on April 1, 2015 at fair values at the April 1, 2015 date of the acquisition.
