The Turf-Top Lawn Mower Company has acquired the Quick Clean Power Snow Shovel Company.Turf-Top has agreed to pay $600 in cash,the money was raised through a new debt issue.All liabilities will be paid off.The statements of financial postion of both companies are at market values which are also the book values before the combination.Construct the new statement of financial postion for this purchase.How has the position of TTLM shareholders changed?

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The Answer of The Turf-Top Lawn Mower Company has acquired the Quick Clean Power Snow Shovel Company.Turf-Top has agreed to pay $600 in cash,the money was raised through a new debt issue.All liabilities will be paid off.The statements of financial postion of both companies are at market values which are also the book values before the combination.Construct the new statement of financial postion for this purchase.How has the position of TTLM shareholders changed?

The Turf-Top Lawn Mower Company Has Acquired the Quick Clean