=5. The book value of Nott's Nursery's total assets is $400,000. Suppose Golden Gardens Inc. acquires Nott's
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=5. The book value of Nott's Nursery's total assets is $400,000. Suppose Golden Gardens Inc. acquires Nott's Nursery's assets for $1 million and finances the purchase by selling $600,000 in new stock,
$300,000 in new debt, and reducing cash by $100,000. Describe how the acquisition affects Golden Gardens Inc.'s balance sheet.
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