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Please help.Thank you Pamrod Manufacturing acquired all the assets and liabilities of Stafford Industries on January 1,202, in exchange for 4,100 shares of Pamrod's $20
Please help.Thank you
Pamrod Manufacturing acquired all the assets and liabilities of Stafford Industries on January 1,202, in exchange for 4,100 shares of Pamrod's $20 par value common stock. Balance sheet data for both companies just before the merger are given as follows: Pamrod shares were selling for $140 on the date of acquisition. Record the acquisition of Stafford Industries' net assets. Note: Enter debits before credits. b. Prepare a balance sheet for the combined enterprise immediately following the business combination. (Amounts to be deducted should be indicated by minus sign.)Step by Step Solution
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