REFERENCE: Ref.02_03 the Financial Statements for Goodwin,Inc. ,And Corr Company for the for the Year

question 40

Multiple Choice

REFERENCE: Ref.02_03
The financial statements for Goodwin,Inc. ,and Corr Company for the year ended December 31,20X1,prior to Goodwin's 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 purchase 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.
-Assuming the combination is accounted for as a purchase,compute the consolidated expenses for 20X1.

• A)$1,980.
• B)$2,380.
• C)$2,040.
• D)$2,015.
• E)$2,005.

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Definitions:

Posteriorly

Relating to or located toward the back or rear of an organism or structure.

Cranial Nerves

Twelve pairs of nerves that arise directly from the brain, not from the spinal cord, and pass through various foramina in the skull to innervate structures in the head, neck, and some other areas.

Ventral View

Relating to the front or anterior of any structure; viewing something from the front side.

Midbrain

A portion of the brainstem that plays an important role in vision, hearing, motor control, sleep/wake, arousal (alertness), and temperature regulation.