On March 3, 20x2, Binford Company acquired Mace Company for a price that was more than the market values of the assets purchased. In this case, which of the following is true?
1) The acquisition was a good deal for Binford Company
2) The acquisition was a bad deal for Binford Company
3) The market values of the assets purchased were overvalued
4) The market values of the assets purchased were undervalued