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The financial balances for the Atwood Company and the Franz Company as of December 31,...

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Accounting

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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 Atwood Franz Co Franz Co (all numbers are in thousands) Book Value Book Value Fair Value 12/31/2013 12/31/2013 12/31/2013 $ 240 S 240 000 420 580 250 Cash Receivables Inventory Land Buildings (net) Equipment (net) Accounts payable Accrued expenses Long-term abilities Common stock (S20 par) Common stock (SS par) Additional paid in capital Retained ennings Revenues Expenses $ 870 650 1,230 1.800 1.800 660 (570) (270) (2,700) (1.9803 650 540 380 (240) ( 60) (1.020) 400 (240) ( 60) (1,120) (420) ( (210) (1,170) (2.880) 2,760 180) 480) 660) 620 Note: Parenthesis indicate a credit balance Assume an acquision business combination took place December 31, 2013. Atwood ved shares of its common stock with a fair value of $35 per share for all of the outstanding common shares of any Stock Issuance costs of $15 onthousands and rect costs of $10 in thousands) were paid Compute the investment to be recorded at date of acquisition 51750 O 5760 51775 O $1300

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