Figure: the Financial Statements for Goodwin, Inc., and Corr Company for for the Year

question 88

Multiple Choice

Figure:
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 expenses for 20X1.

• A) $1,980.
• B) $2,005.
• C) $2,040.
• D) $2,380.
• E) $2,405.

---

Definitions:

Negative

A term indicating the absence of a property or condition, often used in contrast to its presence.

Argue

To present reasons for or against something in a discussion or debate.

Contemporary Psychology

The study of behavior and mental processes using modern theories and methodologies.

Physiological Psychology

A subfield of psychology that studies the physiological bases of psychological processes and behaviors.