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On August 3 1 , Year 6 , Plow Inc. purchased 7 5 percent of the outstanding common shares of Share Inc. for $ 7
On August Year Plow Inc. purchased percent of the outstanding common shares of Share Inc. for $ On January Year Share had common shares of $ and retained earnings of $ At the date of acquisition, plant and equipment on Shares books was undervalued by $ This plant had a remaining useful life of five years. The balance of the acquisition differential was allocated to unrecorded trademarks of Share to be amortized over a year period. Shares net income for Year was $ earned evenly throughout the year. On December Year Share declared and paid dividends of $ On December Year Plow sold percent of its percent interest in Share for $ Which one of the following is the correct amount of trademarks that should appear on Plows consolidated statements on December Year assuming Share is Plows only subsidiary Multiple Choice $ $ $ $
On August Year Plow Inc. purchased percent of the outstanding common shares of Share Inc. for $ On January Year Share had common shares of $
and retained earnings of $ At the date of acquisition, plant and equipment on Shares books was undervalued by $ This plant had a remaining useful life of five
years. The balance of the acquisition differential was allocated to unrecorded trademarks of Share to be amortized over a year period. Shares net income for Year was
$ earned evenly throughout the year. On December Year Share declared and paid dividends of $
On December Year Plow sold percent of its percent interest in Share for $
Which one of the following is the correct amount of trademarks that should appear on Plows consolidated statements on December Year assuming Share is Plows only subsidiary
Multiple Choice
$
$
$
$
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