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:

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