pharma company pharma is a pharmaceutical company operating in winnipeg it is developing a new drug for treating multiple sclerosis ms

An independent appraiser determined the fair values of Pharma’s non-current assets. The appraiser was quite confident with the appraised value for the property, plant, and equipment but had some reservations in putting a specific value on the intangible assets.
Required:
Prepare a consolidated balance sheet at January 1, Year 3, assuming that the agreement between Benefit and Pharma established the following fair values for the common shares of Pharma:
(a) $25
(b) $20
(c) $35