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Ch 26 HW Saved Help Save & Exit Submit Check my work Current assets All...

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Accounting

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Ch 26 HW Saved Help Save & Exit Submit Check my work Current assets All Gold Mining $2900 Current liabilities $ 1,670 Other assets 830 Long-term points Net fixed assets debt Equity 13,200 15,260 Skipped Total $16,930 Total $16,930 eBook Print References Construct the balance sheet for the new corporation assuming that the transaction is treated as a purchase of interests for accounting purposes. The market value of All Gold Mining's fixed assets is $14,450; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $21,000 in new long- term debt to finance the acquisition. Current assets Silver Enterprises, post-merger Current liabilities Long-term debt Equity Other assets Net fixed assets Goodwill Total Total

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