On July 1, TruData Company issues 10,200 shares of its common stock with a $5 par value and a $50 fair value in exchange for all of Webstat Companys outstanding voting shares. Webstats precombination book and fair values are shown below along with book values for TruDatas accounts.

	TruData				Webstat				Webstat
	Book Values				Book Values				Fair Values
Revenues (1/1 to 7/1)	$	(309,200	)		$	(162,000	)
Expenses (1/1 to 7/1)		196,000				94,000
Retained earnings, 1/1		(122,000	)			(154,000	)
Cash and receivables		162,000				62,000			$	62,000
Inventory		164,000				162,000				180,000
Patented technology (net)		224,000				190,000				204,000
Land		398,000				208,000				236,000
Buildings and equipment (net)		88,000				90,000				90,000
Liabilities		(500,000	)			(376,000	)			(354,000	)
Common stock		(292,000	)			(78,000	)
Additional paid-in capital		(8,800	)			(36,000	)

1. On its acquisition-date consolidated balance sheet, what amount should TruData report as goodwill?

Multiple Choice

a. $0.

b. $92,000.

c. $343,000.

d. $174,000.

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

Multiple Choice

a. $204,000.

b. $224,000.

c. $404,000.

d. $428,000.

3. On its acquisition-date consolidated balance sheet, what amount should TruData report as common stock?

Multiple Choice

a. $78,000.

b. $292,000.

c. $343,000.

d. $370,000.

4. On its acquisition-date consolidated balance sheet, what amount should TruData report as retained earnings as of July 4?

Multiple Choice

a. $122,000.

b. $235,200.

c. $318,000.

d. $627,200.