Osicom Tech is acquiring Rexon's outstanding common stock for $32 million.Before acquisition financial information on these two firms is given as follows (in $ millions) :
What are the total assets and stockholders' equity (in $ millions) if the purchase method is used as the accounting method for this merger?
Definitions:
Potential Respiratory Distress
The possibility of experiencing breathing difficulties due to various conditions or environmental factors.
Oral Airway Placement
A procedure that involves inserting a device into the mouth to keep the airway open and ensure air passage to the lungs, commonly used in emergency and anesthetic medicine.
Oral Trauma
Injury to the mouth's tissues, including lacerations, burns, or blunt trauma, which may affect the lips, gums, teeth, or palate.
Head Tilt-chin Lift Method
A technique used in first aid to open the airway of an unconscious person by tilting their head back and lifting their chin.
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