a)1,000

b) 2,980

c)2,400

d)3,400

e)3,730

2) Compute the fair value of the net assets aquired at the date of aquistion?

a) 1,300

b)1,340

c)1,500

d)1,750

e)2,480

Required information The financial balances for the Atwood Company and the Franz Company as of December 31, 2018, are presented below Also included are the fair values for Franz Company's net assets. Atwood FranzCo FranzCo (all numbers are in thousands) Book value Book value Fair value 12/31/2018 12/31/2018 12/31/2018 Cash Receivables Inventories Land Buildings (net) Equipment (net) Accounts payable Accrued expenses Long-term liabilities Common stock ($20 par) Common stock (5 par) Additional paid-in capital Retained earnings Revenues Expenses $ 870 660 $ 240 600 420 260 540 380 (240) 600 580 250 650 400 (240) (60) 1,230 1,800 1,800 660 (570) (270) 60) (1,020) (2,700) (1,980) (1,120) (420) (180) (480) 660) 620 (210) (1,170) (2,880) 2,760 Note: Parenthesis indicate a credit balance Assume an acquisition business combination took place at December 31, 2018. Atwood issued 50 shares of its common stock with a fair value of $35 per share for all of the outstanding common shares of Franz. Stock issuance costs of $15 (in thousands) and direct costs of $10 (in thousands) were paid. Compute the consolidated common stock at the date of acquisition