The Financial Statements for Goodwin, Inc

question 47

Multiple Choice

The financial statements for Goodwin, Inc. and Corr Company for the year ended December 31, 2013, prior to Goodwin's acquisition business combination transaction regarding Corr, follow (in thousands) : On December 31, 2013, 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, 2013.

• A) $460.
• B) $425.
• C) $400.
• D) $435.
• E) $240.

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Definitions:

RC Parallel Circuit

An electrical circuit that consists only of a resistor (R) and a capacitor (C) connected in parallel, affecting the overall impedance and phase angle.

RC Parallel Circuit

A type of electrical circuit where resistor(s) and capacitor(s) are connected in parallel, affecting the charging and discharging rate of the capacitor.

Capacitive Reactance

Opposition to AC flow in capacitors, varying inversely with the frequency of the operation and the capacitance value.

Supply Voltage

The voltage provided by a power source to operate electrical or electronic equipment.