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The PEN Corporation with a book value of $20 million and a market value of $30 million has acquired the CNC C transaction is a purchase, then the total assets on the books of the new company will bed orporation with a book value of $6 million and a market value of $8 million at a price of $9 million. If the

A. $38 million.
B. $39 million.
C. $29 million.
D. $26 million.

Respuesta :

CClark9303
I think the answer is B ‍♀️.
anthougo

The total assets of the combined company of PEN Corporation and Bell Corporation is C. $29 million.

Data and Calculations:

                     PEN Corporation    Bell Corporation

Book value         $20 million               $6 million

Market value      $30 million               $8 million

Purchase price of Bell Corporation = $9 million

The total assets of the combined company = $29 ($20 + $9) million.

Thus, the total assets of the combined company of PEN Corporation and Bell Corporation is C. $29 million.

Learn more about the total assets value of a parent and subsidiary companies here: https://brainly.com/question/25998205

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