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"Balance Sheets for Merger," Assume that the following balance sheets are stated at book value. Construct a postmerger balance sheet assuming that Jurion Co. purchases James Inc. and the pooling of interests method of accounting is used.

Jurion Co.

Current assets $ 8,000 Current liabilities $ 4,500

Net fixed assets 23,000 Long-term debt 8,500
Equity 18,000

Total $31,000 Total $31,000

James Inc.

Current assets $2,600 Current liabilities $1,900

Net fixed assets 7,100 Long-term debt 1,200

Equity 6,600

Total $9,700 Total $9,700

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M946739

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