honda corporation proposes to acquire, in a one-for-one exchange of common stock,all the assets and liabilities of toyota Corporation and nissan corporation, after which the latter two corporation will distribute the honda stock to their shareholders in complete liquidation and dissolution. honda proposes to increase its outstanding stock for purposes of these acquisitions financial position statement of each of the corporations immediately prior of merger on December 31, 20X6, are given here. The assets are deemed to be worth their book values: