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Complete this question by entering your answers in the tabs below. Required A Required B Assume that this combination is a statutory merger so that

Complete this question by entering your answers in the tabs below.

  • Required A
  • Required B

Assume that this combination is a statutory merger so that On-the-Gos accounts will be transferred to the records of NewTune. On-the-Go will be dissolved and will no longer exist as a legal entity. Prepare a postcombination balance sheet for NewTune as of the acquisition date.

NEWTUNE COMPANY AND ON-THE-GO, INC.
Post-Combination Balance Sheet
January 1, 2018
Assets Liabilities and Stockholders' Equity
Cash Accounts payable
Receivables Notes payable
Trademarks Common stock
Record music catalog Additional paid-in capital
Research and development asset Retained earnings
Equipment
Goodwill
Total assets $0 Total liabilities and equities $0
  • Required A
  • Required B

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