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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 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.
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