The Financial Statements for Campbell, Inc

question 105

Multiple Choice

The financial statements for Campbell, Inc., and Newton Company for the year ended December 31, 2021, prior to the business combination whereby Campbell acquired Newton, are as follows (in thousands) : On December 31, 2021, Campbell obtained a loan for $650 and used the proceeds, along with the transfer of 35 shares of its $10 par value common stock, in exchange for all of Newton's common stock. At the time of the transaction, Campbell's common stock had a fair value of $40 per share.In connection with the business combination, Campbell paid $25 to a broker for arranging the transaction and $30 in stock issuance costs. At the time of the transaction, Newton's equipment was actually worth $1,450 but its buildings were only valued at $590.Compute the consolidated equipment (net) account at December 31, 2021.

• A)$1,300.
• B)$1,450.
• C)$2,100.
• D)$3,400.
• E)$3,550.

---

Definitions:

Loneliness

A complex and usually unpleasant emotional response to isolation or lack of companionship, which can affect mental and physical health.

Personal Needs

Basic or individual requirements necessary for maintaining physical and emotional well-being.

Quality of Relationships

The degree of satisfaction, emotional connection, and positive dynamics shared between individuals in a relationship.

Self-Esteem

An individual's subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states.