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

question 19

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 common stock account at December 31, 20X1.

• A) $1,080.
• B) $1,480.
• C) $1,380.
• D) $2,280.
• E) $2,680.

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Definitions:

Entranced-Controlled Loop

Likely an incorrect term possibly referring to "entry-controlled loop," which determines whether to execute its loop body based on a condition checked at the beginning of each iteration. NO.

Switch Statement

A control statement that allows a variable to be tested for equality against a list of values, each with its own case block of code.

Repetition Statement

A programming construct that allows for the repeated execution of a block of code for a specified number of times or while a condition is true.

While Statement

A control flow statement that allows code to be executed repeatedly based on a given Boolean condition.