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5 Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger book values for both firms: 1
5 Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger book values for both firms: 1 points $ 10,000 Skipped Silver Enterprises Current Current $ 10,600 assets liabilities Other assets Long-term 3,700 debt Net fixed assets 17,900 Equity 5,650 eBook 16,550 Hint Total $32,200 Total $32,200 Print References $ 3,100 All Gold Mining Current Current assets $3,400 liabilities Long-term Other assets 1,800 debt Net fixed 6,650 Equity assets 0 8,750 Total $11,850 Total $11,850 eBook Hint Construct the balance sheet for the new corporation if the merger is treated as a purchase for accounting purposes. The market value of All Gold Mining's fixed assets is $8,050; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $16,100 in new long-term debt to finance the acquisition. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Print References Silver Enterprises, post-merger Current liabilities Current assets Other assets Net fixed assets Long-term debt Equity Goodwill Total Total
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