Business, 25.02.2020 05:28 slayalways

On December 31, 2013, Goodwin issued $600 in debt and 30 shares of its $10 par value common stock to the owners of Corr to acquire all of the outstanding shares of that company. Goodwin shares had a fair value of $40 per share. Goodwin paid $25 to a broker for arranging the transaction. Goodwin paid $35 in stock issuance costs. Corr's equipment was actually worth $1,400 but its buildings were only valued at $560. Compute the consolidated liabilities at December 31, 2013.

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On December 31, 2013, Goodwin issued $600 in debt and 30 shares of its $10 par value common stock to...

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