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In: AccountingAssume that the following statements of financial position arestated and a book value. Construct a...Assume that the following statements of financial position arestated and a book value. Construct a post-merger statement offinancial position assuming that Amherst Co. purchases Essex Inc.and the pooling of interests method of accounting is used.Amherst co. EssexINC.Current Assets $12,000 Current Assests 3400Net fixed Asstes 36,000 Net fixed assests 6,400Total = 48,000 Total 9,800Current liabilitoes $5,300 Current liab 1,300long term debt 9,800 long term debt 1,900equity 32,900 equity 6,600total = 48,000 total = 9,800
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