The balance sheet of Cattleman's Steakhouse shows assets of $86,400 and liabilities of The fair...

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Accounting

The balance sheet of Cattleman's Steakhouse shows assets of $86,400 and liabilities of The fair value of the assets is $90,000 and the fair value of its liabilities is $15,000. Longh Cattleman's $95,000 to acquire all of its assets and liabilities. Longhorn should record go this purchase of:
A) $3,600.
B) $5,000.
C) $20,000.
D) $23,600.
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