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Consider the following premerger information about Firm X and Firm Y: See Attachment Assume that Firm X acquires Firm Y by paying cash for all

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Consider the following premerger information about Firm X and Firm Y:

See Attachment

Assume that Firm X acquires Firm Y by paying cash for all the shares outstanding at a merger premium of $6 per share. Assuming that neither firm has any debt before or after the merger, construct the postmerger balance sheet for Firm X assuming the use of purchase accounting.

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