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Flynn acquires 100 percent of the outstanding voting shares of Macek Company on January 1, 2020. To obtain these shares, Flynn pays $400 (in thousands)

Flynn acquires 100 percent of the outstanding voting shares of Macek Company on January 1, 2020. To obtain these shares, Flynn pays $400 (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 transaction. An additional $10 (in thousands) was paid by Flynn in stock issuance costs.

The preacquisition book values for both Flynn and Macek as of January 1, 2020 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

480

180

160

Inventory

660

260

300

Land

300

120

130

Buildings (net)

1,200

220

280

Equipment

360

100

75

Accounts payable

480

60

60

Common stock

1,000

340

Additional paid in capital

1,200

80

Retained earnings

1,080

480

Required: Compute the amounts requested . All answers must be in thousands

1. What is the amount of goodwill?

2. What is the amount will be reported for consolidated receivables?

3. What amount will be reported for consolidated cash?

4. What amount will be reported for consolidated common stock?

5. What amount will be reported for consolidated additional paid-in capital?

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