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Please show calculations 3. Balance Sheets for Mergers: Assume that the following balance sheets are stated at book value. Construct a post-merger balance sheet assuming
Please show calculations
3. Balance Sheets for Mergers: Assume that the following balance sheets are stated at book value. Construct a post-merger balance sheet assuming that Mesa purchases Scripps and the pooling of interests method of accounting is used. Mesa Affiliates Current assets $8,000 Current liabilities $2,400 Net fixed assets 12,000 Long-term debt 1,600 Total $20.000 Equity 16,000 Total $20.000 Scripps Offshore Drilling Current assets $3,000 Current liabilities $1,300 Net fixed assets 5,000 Long-term debt 700 Total $8.000 Equity 6.000 Total $8.000 Step by Step Solution
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