The Financial Statement Amounts For The Atwood Company And The Franz Compory As Of December 31 2021 Are Presented Belo 1 (30.14 KiB) Viewed 61 times
The Financial Statement Amounts For The Atwood Company And The Franz Compory As Of December 31 2021 Are Presented Belo 2 (33.99 KiB) Viewed 61 times
The Financial Statement Amounts For The Atwood Company And The Franz Compory As Of December 31 2021 Are Presented Belo 3 (33.99 KiB) Viewed 61 times
The financial statement amounts for the Atwood Company and the Franz Compory as of December 31, 2021. are presented below. Also included are the 3 fall values for Franz Company's net assets (all numbers are in thousands) Jook Cash Receivables Inventory Land Buildinga (net) Equipment (net) Accounts payable Accrued expenses Long-term liabilities Common stock ($20 par) Connon stock (55 par) Additional paid-in capital Retained earninga 1/1/18 Revenues Expenses Atwood Franz Co. Prans Co. Book Value Book Value Fair Value 12/31/2021 12/31/2021 12/31/2021 $ 870 $ 240 $ 240 660 600 600 1,230 420 580 1,800 260 250 1,800 540 650 660 380 400 (570) (240) (240) (270) (60) (60) (2,700) (1,020) (1.120) (1980) (420) (210) (180) (1.170) (480) (2,880) (660) 2,760 620 Note: Parenthesis indicato a credit balance Assume an acquisition business combination took place at December 31, 2021 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 On thousands) were paid Compute consolidated cash at the completion of the acquisition
Compute consolidated cash at the completion of the acquisition. Multiple Choice $1,350. О $845 O $1,085 О $1,110. $870 < Prev 8 of 10 IH Next >
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