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Assume that the following balance sheets are stated at book value. The fair market value of James's fixed assets is equal to $10,500. Jurion pays

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Assume that the following balance sheets are stated at book value. The fair market value of James's fixed assets is equal to $10,500. Jurion pays $17,440 for James and raises the needed funds through an issue of long-term debt. Jurion Co. Current Current assets $12,900 $5,780 liabilities Net fixed 37,800 Long-term debt 10,400 Equity 34,520 $50,700 Total $50,700 assets Total James, Inc. Current assets $3,760 Net fixed assets 7,360 Current liabilities $ 1,780 Long-term debt 2,260 Equity 7,080 Total $11,120 Total $ 11,120 Construct a postmerger balance sheet assuming that Jurion Co. purchases James, Inc., and the purchase method of accounting is used. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Jurion Co., post-merger Current assets $ 16,660 Current liabilities Fixed assets 48,300 Long-term debt Goodwill Equity 34,520 Total Total Assume that the following balance sheets are stated at book value. The fair market value of James's fixed assets is equal to $10,500. Jurion pays $17,440 for James and raises the needed funds through an issue of long-term debt. Jurion Co. Current Current assets $12,900 $5,780 liabilities Net fixed 37,800 Long-term debt 10,400 Equity 34,520 $50,700 Total $50,700 assets Total James, Inc. Current assets $3,760 Net fixed assets 7,360 Current liabilities $ 1,780 Long-term debt 2,260 Equity 7,080 Total $11,120 Total $ 11,120 Construct a postmerger balance sheet assuming that Jurion Co. purchases James, Inc., and the purchase method of accounting is used. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Jurion Co., post-merger Current assets $ 16,660 Current liabilities Fixed assets 48,300 Long-term debt Goodwill Equity 34,520 Total Total

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