On its acquisition-date consolidated balance sheet, what amount should Hill report as patented technology (net)?

a. $200,000

b. $230,000

c. $410,000

d. $430,000

Hill, Inc., obtains control over Loring, Inc., on July 1. The book value and fair value of Loring's accounts on that date (prior to creating the combination) follow, along with the book value of Hill's accounts:

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Hill Book Values Loring Book Values Loring Fair Values Revenues $(250,000) 130,000) 170,000 (130,000) 140,000 Retained earnings, 1/1 Cash and receivables Inventory Patented technology (net). Land Buildings and equipment (net) Liabilities Common stock Additional paid-in capital 80,000 (150,000) 60,000 145,000 180,000 200,000 75,000 (360,000) 60,000 175,000 4303, 230,000 400,000 100,000 (300,000) (10,000) (30,000)