Dscribe how the acquisition affects number crunchings , Accounting Basics

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Dscribe how the acquisition affects number crunchings

The book value for Little Statistics total assets is $400,000. Suppose Number Crunching, Inc. acquires Little Statistics assets for $1 million and finances the purchases by selling $600,000 in new stock, $300,000 in new debt, and reducing cash by $100,000. Describe how the acquisition affects Number Crunching's balance sheet.

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Accounting Basics: Dscribe how the acquisition affects number crunchings

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Accounting Basics: Dscribe how the acquisition affects number crunchings

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