Saskatchewan Corp

question 70

Multiple Choice

Saskatchewan Corp.,with a book value of $10 million and a market value of $12 million,has merged with Alberta Corp.,with a book value of $10 million and a market value of $11 million and a price of $11 million.Under the purchase method,what will be the total assets on the book of the new merged firm?

• A)$26 million
• B)$19 million
• C)$20 million
• D)$39 million

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Definitions:

Internal Locus

A psychological concept where an individual believes they can control their life and outcomes.

Control

The power to influence or direct people's behavior or the course of events.

Immune System

The body's defense mechanism against infections, diseases, and foreign substances, comprising various organs, cells, and proteins.

White Blood Cells

Components of the immune system that defend the body against infectious disease and foreign materials.