The Financial Statements for Goodwin, Inc

question 27

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 additional paid-in capital at December 31, 2013.

• A) $810.
• B) $1,350.
• C) $1,675.
• D) $1,910.
• E) $1,875.

Analyze the effects of environmental racism on communities.

Evaluate Canada's role in international environmental agreements such as the Kyoto Protocol.

Assess environmental challenges in Canada and propose viable solutions.

Interpret the future impact of water as a critical resource.

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Definitions:

Order

A request by a customer for a company to provide goods or services at a specified price and time.

Account Balance

The total amount of money in a financial account, calculated by adding all credits and subtracting all debits.

Credits

Accounting entries that increase liabilities or decrease assets, typically reflecting the sources of value in transactions.

Accounts Payable

Liabilities to creditors arising from purchases of goods, services, or loans, representing amounts a company owes and must pay in the near term.