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Need the new balance sheet Assume that the following balance sheets ero stated at book value S $ 6.100 Current assets Noi fpxed assets Meal
Need the new balance sheet
Assume that the following balance sheets ero stated at book value S $ 6.100 Current assets Noi fpxed assets Meal Co Current 18,000 Irabilities Long 43,000 term debt Equity 13,700 41,200 Total s 61,000 Total $ 61,000 S. s 1,500 Current assets Net foxed &ssels Loaf, Inc Current 3,900 liabilities Long 6,900 term debt Equity 2,600 6,700 Total $ 10,800 Total $ 10.800 Suppose the fair market value of Loaf's fixed assets is $9,800 versus the $6,900 book value shown Meat pays $17 800 for Loal and raises the needed funds through an issue of long-term debt Construct the postmerger balance sheet under the purchase accounting method Construct the new balance sheetStep by Step Solution
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