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Assume that the following balance sheets are stated at bo Suppose the fair market value of Loaf's fixed assets is $17,700 versus the $12,000 book

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Assume that the following balance sheets are stated at bo Suppose the fair market value of Loaf's fixed assets is $17,700 versus the $12,000 book value shown. Meat pays $24,400 for Loaf and raises the needed funds through an issue of long-term debt. Construct the postmerger balance sheet under the purchase accounting method

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