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

question 80

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 goodwill arising from this acquisition at December 31, 20X1.

• A) $0.
• B) $100.
• C) $125.
• D) $160.
• E) $45.

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Definitions:

Vitamin B12

An essential vitamin necessary for the normal functioning of the brain and nervous system, and for the formation of blood.

Pernicious Anemia

An autoimmune disorder that prevents the body from absorbing vitamin B12, leading to a severe type of anemia.

Vitamin A

An essential fat-soluble vitamin important for vision, immune function, and skin health, occurring naturally in foods like carrots, spinach, and liver.

Night Blindness

A condition characterized by difficulty seeing in low light or darkness, often due to vitamin A deficiency.