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On January 1, 2021, Fatima Company acquired 70 percent of Kaya Company for $560,000 when Kaya's book value was $620,000. The fair value of the
On January 1, 2021, Fatima Company acquired 70 percent of Kaya Company for $560,000 when Kaya's book value was $620,000. The fair value of the newly comprised 30 percent noncontrolling interest was assessed at $240,000. At the acquisition date, Kaya's trademark (20-year remaining life) was undervalued in its financial records by $80,000. Also, patented technology (5-year remaining life) was undervalued by $100,000. At the end of 2022. Forest reports trademark of $320,000 while Kent reports trademark of $90,000. The fair value of Kent's trademark is $112,000 on December 31, 2022. What amount is reported for trademark in the 2022 consolidated balance sheet? O $430,000. O $490,000. O $482.000. $410,000
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