Alberta Corp

question 67

Multiple Choice

Alberta Corp.,with a book value of $40 million and a market value of $45 million,has merged with Ontario Corp.,with a book value of $26 million and a market value of $28 million at a price of $30 million.Under the purchase method,what will be the total assets on the book of the new merged firm?

• A)$70 million
• B)$66 million
• C)$88 million
• D)$89 million

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Definitions:

Parietal Lobe

A region of the cerebral cortex that plays a key role in processing sensory information from various parts of the body, particularly regarding touch and spatial orientation.

Spatial Location Skill

The ability to recognize, remember, and manipulate the position of objects in space.

Cerebral Cortex

The outer layer of the cerebrum in the mammalian brain, involved in higher brain functions such as thought, memory, and decision-making.

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for decision making, problem solving, and controlling behavior.