The Financial Statement Amounts for the Atwood Company and the Franz

question 48

Multiple Choice

The financial statement amounts for the Atwood Company and the Franz Company as of December 31, 2021, are presented below. Also included are the fair values for Franz Company's net assets (all numbers are in thousands) . Note: Parenthesis indicate a credit balanceAssume an acquisition business combination took place at December 31, 2021. Atwood issued 50 shares of its common stock with a fair value of $35 per share for all of the outstanding common shares of Franz. Stock issuance costs of $15 (in thousands) and direct costs of $10 (in thousands) were paid.Compute the consolidated common stock at the date of acquisition.

• A)$1,000.
• B)$2,980.
• C)$2,400.
• D)$3,400.
• E)$3,730.

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Definitions:

Timid

Characterized by a lack of courage or confidence; easily frightened.

Anxious

Feeling of worry, nervousness, or unease about something with an uncertain outcome.

Family Stress Model

A framework outlining how economic disadvantages contribute to parental stress, negatively impacting parenting techniques and hence child development.

Family Poverty

Family poverty refers to families living with income levels below the poverty line, leading to challenges in meeting basic needs such as food, shelter, and healthcare.