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On Friday, September 28, 2018, the stock of General Electric (GE) closed at $11.29 per share. On Monday, October 1, 2018, before stocks began trading, GE announced the appointment of H. Lawrence Culp, Jr. as Chairman and Chief Executive Officer (CEO). Mr. Culp, the former CEO of Danaher Corporation, replaced John Flannery, who was appointed to these positions at GE on August 1, 2017. Following the news about Mr. Culp, GE's stock opened at $13.02 - an increase of 15% over the closing price the previous trading day. When GE presented its next Balance Sheet, was Mr. Culp listed as an Asset"? Why or why not? On September 4, 2017, United Technologies Corporation (UTC) announced the acquisition of Rockwell Collins Corporation for $30 billion. As of their June 30, 2017 Form 10-Q, the Balance Sheet of Rockwell Collins reported "Assets of $18.351 billion and Liabilities" of $12.742 billion. What are two financial accounting reasons for why Rockwell Collins' book value of equity of $5.609 is far below its market value of equity of $30 billion, as reflected in the purchase price that UTC paid? (4 points) On Friday, September 28, 2018, the stock of General Electric (GE) closed at $11.29 per share. On Monday, October 1, 2018, before stocks began trading, GE announced the appointment of H. Lawrence Culp, Jr. as Chairman and Chief Executive Officer (CEO). Mr. Culp, the former CEO of Danaher Corporation, replaced John Flannery, who was appointed to these positions at GE on August 1, 2017. Following the news about Mr. Culp, GE's stock opened at $13.02 - an increase of 15% over the closing price the previous trading day. When GE presented its next Balance Sheet, was Mr. Culp listed as an Asset"? Why or why not? On September 4, 2017, United Technologies Corporation (UTC) announced the acquisition of Rockwell Collins Corporation for $30 billion. As of their June 30, 2017 Form 10-Q, the Balance Sheet of Rockwell Collins reported "Assets of $18.351 billion and Liabilities" of $12.742 billion. What are two financial accounting reasons for why Rockwell Collins' book value of equity of $5.609 is far below its market value of equity of $30 billion, as reflected in the purchase price that UTC paid? (4 points)

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