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Lesechka [4]
2 years ago
7

Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger bo

ok values for both firms: Silver Enterprises Current assets $ 9,200 Current liabilities $ 4,960 Other assets 2,300 Long-term debt 4,390 Net fixed assets 16,500 Equity 18,650 Total $ 28,000 Total $ 28,000 All Gold Mining Current assets $ 2,280 Current liabilities $ 1,980 Other assets 820 Long-term debt 0 Net fixed assets 5,390 Equity 6,510 Total $ 8,490 Total $ 8,490 Construct the balance sheet for the new corporation if the merger is treated as a purchase for accounting purposes. The market value of All Gold Mining's fixed assets is $6,790; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $12,740 in new long-term debt to finance the acquisition. (Do not round intermediate calculations and round your answers to the
Business
1 answer:
Keith_Richards [23]2 years ago
8 0

Answer:

See below

Explanation:

Silver Enterprises

Post Manager Balance sheet

Current assets

$11,480

Other assets

$3,120

Goodwill

$6,790

Net fixed assets

$21,890

Current liabilities

$6,940

Longterm debt

$17,130

Equity

$18,650

Current assets = $9,200 + $2,280 = $11,480

Other assets = $2,300 + $820 = $3,120

Current liabilities = $4,960 + $1,980 = $6,940

Net fixed assets = $16,500 + $5,390 = $21,890

Long term debt = $4,390 + $12,740 = $17,130

Equity = $18,650

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Answer: 71% or $12,780 annually.

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To find the amount of the Annuity that represents a return on Capital each year you divide the cost of the Annuity by the total amount of the Annuity to be received if the single life annuity is used to the fullest.

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3 years ago
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