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.
Compute the consolidated cash account at December 31, 20X1.
Definitions:
Biotransformation
The chemical alteration of substances within living organisms, transforming or breaking down substances.
Rate of Absorption
The speed at which a substance is taken into the body or into a material, typically referring to nutrients, drugs, or chemicals.
Subcutaneous
Pertaining to or situated under the skin, often used to describe injections or implants administered beneath the skin layer.
Intrathecal
Intrathecal refers to the administration of drugs or other substances directly into the space under the arachnoid membrane of the brain or spinal cord.
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