5. Balance Sheets for Mergers 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 fol- lowing balance sheets represent the premerger book values for both firms.

5. that the purchase method of accounting is used. Balance Sheets for Mergers 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 fol- lowing balance sheets represent the premerger book values for both firms. Current assets Other assets Net fixed assets Total Silver Enterprises $2,000 Current liabilities 600 Long-term debt 3,400 Equity $6,000 Total $1,400 600 4,000 $6,000 Current assets Other assets Net fixed assets Total All Gold Mining $1,000 Current liabilities 300 Long-term debt 2,700 Equity $4,000 Total $800 0 3,200 $4,000 6. Incorporating Goodwill In the previous problem, construct the balance sheet