10. Current GAAP identifies three approaches to assigning values to assets acquired in a business combination. Which of the following is not a recognized valuation technique for allocating the acquisition price to specific assets? A) Income Approach B) Cost Approach C) Market Approach D) Book Value Approach 11. Ryan Company had common stock of $140,000 and retained earnings of $287,000. Logan, Inc. had common stock of $280,000 and retained earnings of $375,000. On January 1, 2017, Logan issued 42,000 shares of common stock with a $1 par value and a $13 fair value for all of Ryan Company's outstanding common stock. Immediately after the combination, what were the consolidated net assets? A) $1,082,000 B) $ 973,000 C) $ 655,000 D) $1,201,000 12. Fey Corporation issues 40,000 shares of its common stock for all of the outstanding shares of Werthman, Inc. Fey's shares have a par value of $5 and a market value of $24 per share. If Werthman's net assets have book values and fair values of $580,000 and $670,000, respectively, what is the resulting amount of goodwill recognized on the post-acquisition balance sheet? A) $290,000 B) S-0- C) $ 90,000 D) $380,000 13. In-process research and development acquired in a business combination is A) recorded as indefinite-lived intangible assets, subject to amortization. B) recorded as an indefinite-lived intangible asset, and annually tested for impairment. C) credited to the Equity Investment account. D) expensed, consistent with the accounting treatment of a firm's own R&D expenditures