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Required information [The following information applies to the questions displayed below.] the merger agreement, the companies reported the following data: Pumpworks has 10,800 shares of
Required information [The following information applies to the questions displayed below.] the merger agreement, the companies reported the following data: Pumpworks has 10,800 shares of its $30 par value shares outstanding on January 1,203, and Seaworthy has 4,800 shares of $15 par value stock outstanding. The market values of the shares are $310 and $60, respectively. Required: 7. Pumpworks issues 800 shares of stock in exchange for all of Seaworthy's net assets. Prepare a balance sheet for the combined entity immediately following the merger. (Amounts to be deducted should be indicated by minus sign.)
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