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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 $11.000 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 $11.000 Jurion pays $18,040 for James and raises the needed funds through an issue of long-term debt. Current assets Net fixed assets Jurion Co. $ 13,275 Current liabilities 38,550 Long-term debt Equity $ 51,825 Total $ 5,980 10,650 35,195 $ 51,825 Total Current assets Net fixed assets James, Inc. $ 3,910 Current liabilities 7,76e Long-term debt Equity $11,670 Total $ 1,980 2,410 7,280 $11,678 Total 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.) 7960 > Current assets 21410 Fixed assets Jurion Co., post-merger 17185 Current liabilities 4955e Long-tern debt 5110.00 Equity 71845 Total 42475 71845 Goodwill $ Total 5 of 5 Next HI

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