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Figure: the Financial Statements for Goodwin, Inc., and Corr Company for for the Year

Question 48

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Figure:
The financial statements for Goodwin, Inc., and Corr Company for the year ended December 31, 20X1, prior to Goodwin's acquisition business combination transaction regarding Corr, follow (in thousands) : Figure: The financial statements for Goodwin, Inc., and Corr Company for the year ended December 31, 20X1, prior to Goodwin's acquisition business combination transaction regarding Corr, follow (in thousands) :   On December 31, 20X1, Goodwin issued $600 in debt and 30 shares of its $10 par value common stock to the owners of Corr to acquire all of the outstanding shares of that company. Goodwin shares had a fair value of $40 per share. Goodwin paid $25 to a broker for arranging the transaction. Goodwin paid $35 in stock issuance costs. Corr's equipment was actually worth $1,400 but its buildings were only valued at $560. -In this acquisition business combination, what total amount of common stock and additional paid-in capital is recorded on Goodwin's books? A)  $265. B)  $1,165. C)  $1,200. D)  $1,235. E)  $1,765. On December 31, 20X1, Goodwin issued $600 in debt and 30 shares of its $10 par value common stock to the owners of Corr to acquire all of the outstanding shares of that company. Goodwin shares had a fair value of $40 per share.
Goodwin paid $25 to a broker for arranging the transaction. Goodwin paid $35 in stock issuance costs. Corr's equipment was actually worth $1,400 but its buildings were only valued at $560.
-In this acquisition business combination, what total amount of common stock and additional paid-in capital is recorded on Goodwin's books?


A) $265.
B) $1,165.
C) $1,200.
D) $1,235.
E) $1,765.

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