Question: Us e a n Internet search on the acquirer involve d in you r merger between Hershey's and Lily Sweets to a nswer the following
Use an Internet search on the acquirer involved in your merger between Hershey's and Lily Sweets to answer the following:
Show the impact (dollar and percent change) of the merger on
a. cash?
b. net accounts receivable?
c. inventories?
d. long term assets?
e. accounts payable?
f. long term debt?
Based on your knowledge, what journal entry do you think the acquirer prepared for the combination?
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