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Check my work Consider the following premerger information about Firm X and Firm Y Firm X Firm Y Total earnings $84,000 $16,500 Shares outstanding Per-share

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Check my work Consider the following premerger information about Firm X and Firm Y Firm X Firm Y Total earnings $84,000 $16,500 Shares outstanding Per-share values: 41,000 16,000 Market Book $ 56 21 S 18 $ 11 Assume that Firm X acquires Firm Y by paying cash for all the shares outstanding at a merger premium of $7 per share, and that neither firm has any debt before or after the merger. Construct the postmerger balance sheet for Firm X assuming the use of the purchase accounting method. (Do not round intermediate calculations.) Assets from X Assets from Y Goodwil11 Total Assets XY

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