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6 Company is considering the takeover of K Company whereby it will issue 7,000 common shares for all of the outstanding shares of K Company.

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6 Company is considering the takeover of K Company whereby it will issue 7,000 common shares for all of the outstanding shares of K Company. K Company will become a wholly owned subsidiary of G Company. Prior to the acquisition, G Company had 18.000 shares outstanding, which were trading at $8.50 per share. The following information has been assembled: Required: (o) Prepare G Company's consolidated balance sheet immediately after the combination using the direct approach and accounting for the combination with the acquisition method (b) Prepare G Company's consolidated balance sheet immediately after the combination using the worksheet approach and the acquistion method. (Leave no cells blank - be certain to enter " 0 " wherever required. Volues in the first two columns and last column (the "parent". "subsidiary" and "consolidated" balances) that are to be deducted should be indicoted with a minus sign. while all values in the "Entry" columns should be entered os positive values. For accounts where multiple odjusting entries are required, combine oll debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one omount and enter this omount in the credit column of the worksheet. Omit $ sign in your response.)

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