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The financial balances for the Atwood Company and the Franz Company as of December 31, 20X1, are presented below. Also included are the fair values...
The financial balances for the Atwood Company and the Franz Company as of December 31, 20X1, are presented below. Also included are the fair values for Franz Company's net assets.Note: Parenthesis indicate a credit balanceAssume an acquisition business combination took place at December 31, 20X1. 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.A.Compute the investment to be recorded at date of acquisition. 1.$1,750.2.$1,760.3.$1,775.4.$1,300.5.$1,120.B.Compute the consolidated common stock at date of acquisition. 1.$1,000.2.$2,980.3.$2,400.4.$3,400.5.$3,730.C.Compute consolidated inventory at the date of the acquisition. 1.$1,650.2.$1,810.3.$1,230.4.$580.5.$1,830.D. Compute consolidated land at the date of the acquisition. 1.$2,060.2.$1,800.3.$260.4.$2,050.5.$2,070.E.Compute consolidated buildings (net) at the date of the acquisition. 1.$2,450.2.$2,340.3.$1,800.4.$650.5.$1,690.F. Compute consolidated long-term liabilities at the date of the acquisition. 1.$2,600.2.$2,700.3.$2,800.4.$3,720.5.$3,820.G.Compute consolidated goodwill at the date of the acquisition. 1.$360.2.$450.3.$460.4.$440.5.$475.H.Compute consolidated equipment (net) at the date of the acquisition. 1.$400.2.$660.3.$1,060.4.$1,040.5.$1,050.I.Compute fair value of the net assets acquired at the date of the acquisition. 1.$1,300.2.$1,340.3.$1,500.4.$1,750.5.$2,480.J.Compute consolidated retained earnings at the date of the acquisition. 1.$1,160.2.$1,170.3.$1,280.4.$1,290.5.$1,640.K.Compute consolidated revenues at the date of the acquisition. 1.$3,540.2.$2,880.3.$1,170.4.$1,650.5.$4,050.L.Compute consolidated cash at the completion of the acquisition. 1.$1,350.2.$1,085.3.$1,110.4.$870.5.$845.M.Compute consolidated expenses at the date of the acquisition. 1.$2,760.2.$2,770.3.$2,785.4.$3,380.5.$3,390.
