Osicom Tech is acquiring Rexon's outstanding common stock for $32 million. Before acquisition financial information on these two firms is given as follows (in $ millions):
What are the total assets and stockholders' equity (in $ millions) if the purchase method is used as the accounting method for this merger?

Question

Osicom Tech is acquiring Rexon's outstanding common stock for $32 million. Before acquisition financial information on these two firms is given as follows (in $ millions): 
What are the total assets and stockholders' equity (in $ millions) if the purchase method is used as the accounting method for this merger?

Quizplus · Accepted Answer

Solution:
 11ea10f6_a194_bcf6_b6b3_dff0ffa9dbb6_TB2040_00

Osicom Tech Is Acquiring Rexon's Outstanding Common Stock for $32