Suppose the fair market value of betas fixed assets is 9500 rather than the $6700 book value shown . Alpha pays 17300 for beta and raises the needed funds through as issue of long term debt construct the post merge statement of financial position now,assuming that the purchase method of accounting is used

position are stated and a book value. Alpha Corporation Current Assets $15,000 Current Liabilities $5,400 Net Fixed Assets 39,000 Long-Term Debt 10,100 Equity 38,500 $54,000 $54,000 Beta Corporation Current $3,600 Current $1,400 Assets Liabilities Net 6,700 Long-Term 2,100 Fixed Debt Assets Equity 6,800 $10,300 $10,300