The Financial Statements for Goodwin, Inc

question 109

Multiple Choice

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 consideration transferred for this acquisition at December 31, 20X1.

• A) $900.
• B) $1,165.
• C) $1,200.
• D) $1,765.
• E) $1,800.

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Definitions:

Ergonomics

An interdisciplinary approach to designing equipment and systems that can be easily and efficiently used by human beings.

Psychological Aggression

Hostile social interaction or behavior that involves mental or emotional harm rather than physical.

Work Performance

The assessment of an employee's effectiveness in fulfilling job responsibilities and tasks.

Drug Testing

The process of using medical or technical methods to determine whether a person has used the drug substances.