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

Question

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The Answer of 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