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Consider the following pre-merger information about firm X and firm Y : Assume that firm X acquires firm Y by paying cash for all the

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Consider the following pre-merger information about firm X and firm Y : Assume that firm X acquires firm Y by paying cash for all the shares outstanding at a merger premium of $5 per share. Assuming that neither firm has any debt before or after the merger, construct the post-merger balance sheet for firm X assuming the use of purchase accounting methods

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