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Assume that the following balance sheets are stated at book value. Suppose the fair market value of James's fixed assets is $24,940 versus the $15,040

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Assume that the following balance sheets are stated at book value. Suppose the fair market value of James's fixed assets is $24,940 versus the $15,040 ook value shown. Jurion pays $35,640 for James and raises the needed funds througr n issue of long-term debt. Construct the postmerger balance sheet under the purchas) ethod of accounting. (Do not round intermediate calculations and round your iswers to the nearest whole number, e.g., 32.) Suppose the fair market value of James's fixed assets is $24,940 versus the $15.040 book value shown. Jurion pays $35,640 for James and raises the needed funds through an issue of long-term debt. Construct the postmerger balance sheet under the purchase method of accounting. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

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