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A if the subsidiary is dissolved it will not be

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A. If the subsidiary is dissolved, it will not be operated as a separate division B. If the subsidiary is dissolved, assets and liabilities are consolidated at their book values C. If the subsidiary retains its incorporation, there will be no goodwill associated with the acquisition D. If the subsidiary retains its incorporation, assets and liabilities are consolidated at their book values E. If the subsidiary retains its incorporation, the consolidation is not formally recorded in the accounting records of the acquiring company 21. A statutory merger is a(n) A. Business combination in which only one of the two companies continues to exist as a legal corporation B. Business combination in which both companies continues to exist C. Acquisition of a competitor D. Acquisition of a supplier or a customer E. Legal proposal to acquire outstanding shares of the target's stock Use the following to answer Questions 22 and 32: The financial statements for Goodwin, Inc. and Corr Company for the year ended December 31, 20X1, prior to Goodwin's business combination transaction regarding Corr, follow (in thousands):
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On December 31, 20X1, Goodwin issued $600 in debt and 30 shares of its $10 par value common stock to the owners of Corr to purchase 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. 22. If the combination is accounted for as a purchase, at what amount is the investment recorded on Goodwin's books? A. $1,540 B. $1,800 C. $1,860 D. $1,825 E. $1,625 23. If the combination is accounted for as an acquisition, at what amount is the investment recorded on Goodwin's books? A. $1,540 B. $1,800 C. $1,860 D. $1,825 E. $1,625 24. Compute the consolidated revenues for 20X1. A. $2,700 B. $720 C. $920 D. $3,300 E. $1,540 25. Assuming the combination is accounted for as a purchase, compute the consolidated expenses for 20X1. A. $1,980 B. $2,380 C. $2,040 D. $2,015 E. $2,005 26. Assuming the combination is accounted for as an acquisition, compute the consolidated expenses for 20X1. A. $1,980 B. $2,380 C. $2,040 D. $2,015 E. $2,005
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27. Compute the consolidated equipment (net) account at December 31, 20X1. A. $2,100 B. $3,500 C. $3,300 D. $3,000 E. $3,200 28. Assuming the combination is accounted for as a purchase, compute the consolidated goodwill account at December 31, 20X1. A. $0 B. $100 C. $125 D. $160 E. $45 29. Assuming the combination is accounted for as an acquisition, compute the consolidated goodwill account at December 31, 20X1. A. $0 B. $100 C. $125 D. $160 E. $45 30. Compute the consolidated common stock account at December 31, 20X1. A. $1,080 B. $1,480 C. $1,380 D. $2,280 E. $2,680 31. Assuming the combination is accounted for as a purchase, compute the consolidated retained earnings at December 31, 20X1. A.
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A If the subsidiary is dissolved it will not be operated as...

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