TheOldCo has incurred losses for several years and the Board of Directors received support from shareholders...
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TheOldCo has incurred losses for several years and the Board of Directors received support from shareholders to implement a quasi-reorganization. Here is the balance sheet before the quasi-reorganization: (In millions $US) Cash and Receivables $600 Inventory 400 PP&E 200 Total Assets $1,200 Liabilities $200 Common stock 1,000 (1000 shares; $1 par) Additional paid-in capital 300 Retained earnings (deficit) (300) Total liabilities and equity $1,200 On the date of quasi-reorganization the Inventory fair value was $300 and the PPE fair value was $100. As a result of the quasi-reorganization, the par value of each share will become? (use whole numbers without dollar signs) Question 6 1 pts Using the same information above, after the quasi-reorganization, the total Assets of TheOldCo will be? (use whole numbers with no dollar sign) TheOldCo has incurred losses for several years and the Board of Directors received support from shareholders to implement a quasi-reorganization. Here is the balance sheet before the quasi-reorganization: (In millions $US) Cash and Receivables $600 Inventory 400 PP&E 200 Total Assets $1,200 Liabilities $200 Common stock 1,000 (1000 shares; $1 par) Additional paid-in capital 300 Retained earnings (deficit) (300) Total liabilities and equity $1,200 On the date of quasi-reorganization the Inventory fair value was $300 and the PPE fair value was $100. As a result of the quasi-reorganization, the par value of each share will become? (use whole numbers without dollar signs) Question 6 1 pts Using the same information above, after the quasi-reorganization, the total Assets of TheOldCo will be? (use whole numbers with no dollar sign)
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