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Assume that the following extracts of the statement of financial position are stated at book value. Suppose that Just-In Ltd purchases Just-Out Ltd. Assuming the
Assume that the following extracts of the statement of financial position are stated at book value. Suppose that Just-In Ltd purchases Just-Out Ltd. Assuming the fair market value of Just-Out Ltd's fixed assets is RM49,000 versus RM29,200 book value shown. Just-In Ltd pays RM65,800 for Just-Out and raises the needed funds through an issue of long-term debt. Prepare the post-merger statement of financial position for Just-In Ltd. The following extract is pre-merger
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