Question: The answer for Assets from X Assets from Y Total Assets XY Are wrong, please help Consider the following premerger information about Firm X and

The answer for Assets from X Assets from Y Total Assets XY The answer for

Assets from X

Assets from Y

Total Assets XY

Are wrong, please help

Consider the following premerger information about Firm X and Firm Y : Assume that Firm X acquires Firm Y by issuing long-term debt for all the shares outstanding at a merger premium of $5 per share, and that neither firm has any debt before the merger. List the assets of the combined firm assuming the purchase accounting method is used. Answer is complete but not entirely correct

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

K owns office equipment that has been used for personal purposes since it was purchased last year for $1,600. During the current year K began using the equipment exclusively for his business. The...

Consider the following premerger information about Firm X and Firm Y: Assume that Firm X acquires Firm Y by paying cash for all the shares outstanding at a merger premium of $6 per share. Assuming...

Consider the following premerger information about Firm X and Firm Y: Firm Y $87,000$11,000 35,00012,000 Firm X Total earnings Shares outstanding Per-share values: Market $ 57 19 3 Book Assume that...

Consider the following premerger information about Firm X and Firm Y Firm X Firmy Total Earnings $92,516 $40,828 Shares outstanding 46,969 27,862 Per share values: Market $59 $19 Book 521 59 Assume...

Consider the following premerger information about Firm X and Firm Y Firm X Firm Y Total Earnings $96,943 $45,165 Shares outstanding 41,525 30,474 Per-share values: Market $51 $19 Book $23 $9 Assume...

Consider the following premerger information about Firm X and Firm Y Firm X Firm Y Total Earnings $84,256 $42,167 Shares outstanding 43,604 26,652 Per-share values: Market $57 $21 Book $21 $12 Assume...

Consider the following premerger information about firm X and firm Y Firm X Firm Y Total earnings. $98913 $56885 Shares outstanding $45260. $30640 per share values: Market $59 $16 Book $ 21 $ 9...

Consider the following premerger information about Firm X and Firm Y Firm X Firmy Total Earnings $88,248 $40,413 Shares outstanding 42,393 33,057 Per-share values: Market $50 $17 Book $22 $10 Assume...

Consider the following premerger information about Firm X and Firm Y Firm X Firm Y Total Earnings $85,724 $58,271 Shares outstanding 42,559 30,799 Per-share values: Market $51 $17 Book $24 $11 Assume...

Consider the following premerger information about Firm X and Firm Y Assume that Firm X acquires Firm Y by issuing long-term debt to purchase all the shares outstanding at a merger premium of $3 per...

Financial issues is the assessment of need and its thoughts for the use of assets, making of work and things, improvement of creation and government help long haul, and a psyche blowing gathering of...

1. Show that the relation between the momentum carried by an electromagnetic wave and the energy, Equation 32-13, can also be derived using the EinsteinPlanck relation, E = hf; the de Broglie...

Earnings per share are found based on the assumption that all convertibles and warrants are exercised rather than trying to estimate how many of them are likely to be exercised. Which of the...

Which best defines the process through which an organization reaches a decision that a job candidate fits the organization's values and culture, and has the attributes desired by the organization?...

2. When is the job to be completed?

What is the purpose of the Standard Occupational Classification (SOC)?

What are the steps involved in the HR planning process?