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Assume that the following balance sheets are stated at book value. Use Purchase method of accounting for calculation. $ $ 4,300 Current assets Net fixed

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Assume that the following balance sheets are stated at book value. Use Purchase method of accounting for calculation. $ $ 4,300 Current assets Net fixed assets Jurion Co. Current 14,000 liabilities Long- 19,600 term debt Equity 2,700 26,600 Total $ 33,600 Total $ 33,600 $ $ 2,200 Current assets Net fixed James, Inc. Current 4,800 liabilities Long- 7,800 term debt Equity 1,300 assets 9,100 Total $ 12,600 Total $ 12,600 Suppose the fair market value of James's fixed assets is $16,800 versus the $7,800 book value shown. Jurion pays $23,800 for James and raises the needed fund through an issue of long-term debt. Construct the post merger balance sheet. Assume that the following balance sheets are stated at book value. Use Purchase method of accounting for calculation. $ $ 4,300 Current assets Net fixed assets Jurion Co. Current 14,000 liabilities Long- 19,600 term debt Equity 2,700 26,600 Total $ 33,600 Total $ 33,600 $ $ 2,200 Current assets Net fixed James, Inc. Current 4,800 liabilities Long- 7,800 term debt Equity 1,300 assets 9,100 Total $ 12,600 Total $ 12,600 Suppose the fair market value of James's fixed assets is $16,800 versus the $7,800 book value shown. Jurion pays $23,800 for James and raises the needed fund through an issue of long-term debt. Construct the post merger balance sheet

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