Question 30 1.67 pts Solutions Corporation purchases 80% of the outstanding stock of Dexter Company for $880,000. The assets and liabilities held by Dexter have a net fair value of 8710,000. Dexter has earned revenues of $540,000 and incurred expenses of $390,000 till the date of acquisition The patent held by Dexter was estimated to be worth $72,000. The book value of the patent was $45,000. Which of the following is true regarding consolidated financial statement? Both subsidiary's revenue and expenses will be included. No goodwill will be recognized O Patent will be reported at $45.000 O Solutions will report goodwill of S170,000 Question 31 1.67 F Which of the following is recorded on property and equipment if its book valuo exceeds its expected future cash flows? Depreciation o Depletion O Impairment O Amortization