- The Balance Sheet Of Alpha Corporation Shows Current Assets Of 14 000 Net Fixed Assets Of 21 800 Current Liabilities 1 (22.48 KiB) Viewed 38 times
- The Balance Sheet Of Alpha Corporation Shows Current Assets Of 14 000 Net Fixed Assets Of 21 800 Current Liabilities 2 (22.48 KiB) Viewed 38 times
The balance sheet of Alpha Corporation shows current assets of $14,000, net fixed assets of $21,800, current liabilities of $4,300, long-term debt of $2,600, and equity of $28.900. The balance sheet of Bets, Incorporated, has current assets of $4,700, net fixed assets of $8,100, current liabilities of $2,200, long-term debt of $1,200, and equity of $9.400 The market value of Beta's fixed assets is $14,100. Alpha purchases Beta for $20,000 and raises the funds through an issue of long-term debt. What will be the value of the equity account on the post merger balance sheet assuming the purchase accounting method is used? Mutiple Choce O O $31.600 $42,000 $31.500 $29,600