Silver Enterprises has acquired All Gold mining in a merger transaction. Construct the balance sheet for the

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Silver Enterprises has acquired All Gold mining in a merger transaction. Construct the balance sheet for the new corporation if the merger is treated as a pooling of interests for accounting purposes. The following balance sheets represent the premerger book values for both firms:
Silver Enterprises Current assets $ 4,300 Current liabilities $ 2,600 900 Long-term debt Other assets 1,800 Net fixed as
All Gold Mining Current assets$1,300 Current liabilities $ 1,200 Other assets 450 Long-term debt Net fixed assets 3,900
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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