Question: 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. Please explain how you got to the answer. December 31, 2018, Goodwin

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)

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