Silver Enterprises Has Acquired All Gold Mining in a MergerAssume the Merger Is Treated as a Pooling of Interests

The Answer of Silver Enterprises Has Acquired All Gold Mining in a MergerAssume the Merger Is Treated as a Pooling of Interests

Silver Enterprises Has Acquired All Gold Mining in a MergerAssume the Merger Is Treated as a Pooling of Interests

The Answer of Silver Enterprises Has Acquired All Gold Mining in a MergerAssume the Merger Is Treated as a Pooling of Interests

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Silver Enterprises Has Acquired All Gold Mining in a Merger

question 32

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Silver Enterprises has acquired All Gold Mining in a merger transaction.The following balance sheets represent the premerger book values for both firms. $\begin{array}{lrlr} & {\text { Silver Enterprises }} \\\text { Current assets } & \$ 5,900 & \text { Current liabilities } & \$ 4,100 \\\text { Other assets } & 2,600 & \text { Long-term debt } & 2,000 \\\text { Net fixed assets } & \$ \$, 900 & \text { Equity } & \underline{11,300} \\\text { Total } & \underline{\$ 17,400} & \text { Total } & \underline{\$ 17,400}\end{array}$

$Silver Enterprises has acquired All Gold Mining in a merger transaction.The following balance sheets represent the premerger book values for both firms. \begin{array}{lrlr} & {\text { Silver Enterprises }} \\ \text { Current assets } & \$ 5,900 & \text { Current liabilities } & \$ 4,100 \\ \text { Other assets } & 2,600 & \text { Long-term debt } & 2,000 \\ \text { Net fixed assets } & \$ \$, 900 & \text { Equity } & \underline{11,300} \\ \text { Total } & \underline{\$ 17,400} & \text { Total } & \underline{\$ 17,400} \end{array} Assume the merger is treated as a pooling of interests for accounting purposes.The total assets are _____ and the total equity is _____ on the post-merger balance sheet. A) $24,500; $10,500 B) $24,500; $18,200 C) $26,300; $10,500 D) $26,300; $16,600 E) $27,500; $19,400$

Assume the merger is treated as a pooling of interests for accounting purposes.The total assets are _____ and the total equity is _____ on the post-merger balance sheet.

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