Construct the postmerger balance sheet now

Reference no: EM131411330

Incorporating Goodwill In the previous problem, suppose the fair market value of James's fi xed assets is $19,500 versus the $12,300 book value shown. Jurion pays $26,000 for James and raises the needed funds through an issue of long-term debt. Construct the postmerger balance sheet now, assuming that the purchase method of accounting is used.

Reference no: EM131411330

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