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Consider the following premerger information about Firm X and Firm Y : Assume that Firm X acquires Firm Y by issuing long-term debt for all

image text in transcribed Consider the following premerger information about Firm X and Firm Y : Assume that Firm X acquires Firm Y by issuing long-term debt for all the shares outstanding at a merger premium of $5 per share, and that neither firm has any debt before the merger. List the assets of the combined firm assuming the purchase accounting method is used

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