30.2 Suppose the balance sheet for Philadelphia Pretzel in problem 30.1 shows the assets at their book

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30.2 Suppose the balance sheet for Philadelphia Pretzel in problem 30.1 shows the assets at their book value and not their market value of $240,000. Construct the balance sheet for the new corporation. Again, treat the transaction as a purchase.

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Corporate Finance

ISBN: 9780071229036

6th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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