Complete the following balance sheet for the post-merger firm B-T. The bidder acquired the target for $2,000
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Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Bidder Target (book value) Target (FMV) B-T (post-merger) 25,000 Current assets 3,500 2,900 Long-term assets 10,000 Goodwill Total assets 1,000 1,300 35,000 4,500 4,200 Current liabilities 11,000 Long-term debt Common stock Retained earnings|4,000 Total 1,500 800 1,800 400 4,500 1,500 1,000 2,000 5,000 15,000 35,000 4,500
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Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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