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Prepare a balance sheet for the business combination. Assume the following: Flint Company acquires all the assets and assumes all the liabilities of Culver and
Prepare a balance sheet for the business combination. Assume the following: Flint Company acquires all the assets and assumes all the liabilities of Culver and Concord Companies by issuing in exchange 140,500 shares of its common stock to Culver Company and 40,130 shares of its common stock to Concord Company. (List assets in order of liquidity. Enter negative account balance with negative sign preceding the number e.g. 5,125 or parentheses e.g. (5,125).) Prepare a balance sheet for the business combination. Assume the following: Flint Company acquires all the assets and assumes all the liabilities of Culver and Concord Companies by issuing in exchange 140,500 shares of its common stock to Culver Company and 40,130 shares of its common stock to Concord Company. (List assets in order of liquidity. Enter negative account balance with negative sign preceding the number e.g. 5,125 or parentheses e.g. (5,125).)
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