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Flynn acquires 1 0 0 percent of the outstanding voting shares of Macek Company on January 1 , 2 0 2 1 . To obtain

Flynn acquires 100 percent of the outstanding voting shares of Macek Company on January 1,2021. To obtain these shares, Flynn pays $400 cash (in thousands) and issues 10,000 shares of $20 par value common stock on this date. Flynn's stock had a fair value of $36 per share on that date. Flynn also pays $15(in thousands) to a local investment firm for arranging the acquisition. An additional $10(in thousands) was paid by Flynn in stock issuance costs.
The book values for both Flynn and Macek immediately preceding the acquisition follow. The fair value of each of Flynn and Macek accounts is also included. In addition, Macek holds a fully amortized trademark that still retains a $40(in thousands) value. The figures below are in thousands. Any related question also is in thousands.
Flynn, Inc Macek Company
Book Value Fair Value
Cash $ 900 $ 80 $ 80
Receivables 480180160
Inventory 660260300
Land 300120130
Buildings (net)1,200220280
Equipment 36010075
Accounts payable 4806060
Long-term liabilities 1,140340300
Common stock 1,00080
Additional paid-in capital 2000
Retained earnings 1,080480
What amount will be reported for consolidated cash after the acquisition is completed?
Multiple Choice
$875,000.
$500,000.
$555,000.
$475,000.
$580,000.

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