on Januart 1, 2015 the Ryan Company and Lan Company had condensed balance sheets as follows:

QUESTION 13 (USE THE FOLLOWING INFORMATION FOR QUESTIONS 13-18) On January 1, 2015 the Ryan Company and Lan Company had condensed balance sheets as follows: Inventory Buildings Trademarks Total Assets Ryan $100.000 75 000 25 000 200.000 Lan $20,000 20.000 40.000 10,000 Current Liabilities Long-term debt Capital stock Retained earnings Total Liabilities and Equity 30,000 50.000 20.000 100,000 200.000 10,000 20.000 _40.000 On January 2. Ryan borrowed 596,000 and used the proceeds to obtain 80% of the outstanding common stock of Lan The acquisition price was considered proportionate to Lan's total for value. The 596.000 debt is payable over 8 years in annual principal payments beginning June 30 2015 The excess fall value of the investment over the underlying book value of the acquired net assets is allocated to inventory (5%) building (20%-remaining life 5 years, trademarks (25% remaining life 5 years), and the balance to goodwill How much goodwill should be recorded as a result of the acquisition? A 536.000 B $45.000 C. $12.000 0.530,000 Click Save and Submit to save and submit. Click Save All Autoane alla Save AK Answers Question Completion Status: On a consolidated balance sheet at January 2 what should be the amount for non current assets? A $210.000 OB $183,000 C 5205 500 D. $120.000 QUESTION 15 On a consolidated balance sheet at January 2 what should be the amount for current liabilities? A $136.000 8. 564,000 OC $52,000 0.540,000 QUESTION 16 How much is non controlling interest on January 2? O A $20,000 8 $16.000 C 524 000 0.56,000 QUESTION 17 How much is the total consolidated equity section on January 2 (controlling and non-controlling interest A $144.000 B$120.000 C.5124.000 D. $150 000 Chick Save and Submit restendit. Click Save to swall ans. 5 Al A Cla