In: Accounting
The financial balances for the Atwood Company and the Franz
Company as of December 31, 2013, are presented below. Also included
are the fair values for Franz Company's net assets.
Note: Parenthesis indicate a credit balance
Assume an acquisition business combination took place at December
31, 2013. 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.
Compute consolidated buildings (net) at the date of the
acquisition.
$1,800.
$650.
$2,450.
$2,340.
$1,690.