Exit Submit 9 The Financial Statements For Campbell Inc And Newton Company For The Year Ended December 31 2021 Prior 1 (33.27 KiB) Viewed 79 times
Exit Submit 9 The Financial Statements For Campbell Inc And Newton Company For The Year Ended December 31 2021 Prior 2 (17.66 KiB) Viewed 79 times
Exit Submit 9 The financial statements for Campbell, Inc. and Newton Company for the year ended December 31, 2021, prior to the business combination whereby Campbell acquired Newton, are as follows in thousands 10 Dants Newton $ 700 400 Revenues Expenses Net Income Retained earnings, 1/1 Net income Dividends Retained earning, 12/31 Cash Receivables and inventory Buildings (net) Equipment (net) Total assets Liabilities Comon stock Additional paid in capital Retained earnings Total Itabilities stockholders' equity Campbell $2,600 1,880 $ 720 $2,400 720 (270) $2,850 S240 1,200 2,700 2.100 $6.240 $1,500 1.080 810 2,850 56,240 $300 $ 500 300 0 $ 800 $ 230 360 650 1,300 52,540 $ 720 400 620 воо $2,540 On December 31, 2021. Campbell obtained a foon for $650 and used the proceeds, along with the transfer of 35 shares of its $10 par value common stock in exchange for all of Newton's common stock. At the time of the transaction Campbell's common stock had a fair value of $40 per share in connection with the business combination Campbell paid $25 to a broker for arranging the transaction and $30 in stockissance costs. At the time of the transaction Newton's equipment was actually worth $1.450 but its buildings were only valued at $590
In connection with the business combination, Campbell paid $25 to a broker for seranging the transaction and $30 in stock issuance costs. At the time of the transaction, Newton's equipment was actually worth $1450 but its buildings were only valued at $590. Compute the consolidated expenses for 2021 Mutuple Choice $1.905 $180 O 52 200 52.335 $2.305
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