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Please explain how you got to the answer. December 31, 2018, Goodwin obtained a loan for $600 and used the proceeds, along with the transfer
Please explain how you got to the answer.
December 31, 2018, Goodwin obtained a loan for $600 and used the proceeds, along with the transfer of 30 shares of its $10 par value common stock, in exchange for all of Corr's common stock. At the time of the transaction, Goodwin's common stock had a fair value of S40 per share. On In connection with the business combination, Goodwin paid S25 to a broker for arranging the transaction and in stock issuance costs. At the time of the transaction, Corr's equipment was actually worth $1,400 but its buildings were only valued at $560. 3) Compute the consolidated common stock account at December 31, 2018. 3) A) S1,380. B) S2,680. C)$1,080. D) $2,280. E) S1,480. 4)-1/- 4) Compute the consolidated retained earnings at December 3 1 , 2018. A) S2,800. B) $2,825. C) $3,450. D) S3,425. E) $2,850. 5) Compute the consolidated additional paid-in capital at December 31, 2018. A) $1,350. B) S1,910. C) $810. D) $1,675. E) $1,875 5) 6) Compute the goodwill arising from this acquisition at December 31,2018. A) $125. B) $160. C) $45. D)SO. E) $100. 6) December 31, 2018, Goodwin obtained a loan for $600 and used the proceeds, along with the transfer of 30 shares of its $10 par value common stock, in exchange for all of Corr's common stock. At the time of the transaction, Goodwin's common stock had a fair value of S40 per share. On In connection with the business combination, Goodwin paid S25 to a broker for arranging the transaction and in stock issuance costs. At the time of the transaction, Corr's equipment was actually worth $1,400 but its buildings were only valued at $560. 3) Compute the consolidated common stock account at December 31, 2018. 3) A) S1,380. B) S2,680. C)$1,080. D) $2,280. E) S1,480. 4)-1/- 4) Compute the consolidated retained earnings at December 3 1 , 2018. A) S2,800. B) $2,825. C) $3,450. D) S3,425. E) $2,850. 5) Compute the consolidated additional paid-in capital at December 31, 2018. A) $1,350. B) S1,910. C) $810. D) $1,675. E) $1,875 5) 6) Compute the goodwill arising from this acquisition at December 31,2018. A) $125. B) $160. C) $45. D)SO. E) $100. 6)Step by Step Solution
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