Use the following information to answer questions 15-18

[The following information applies to the questions displayed below.]

On July 1, TruData Company issues 13,200 shares of its common stock with a $5 par value and a $35 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)	$	(382,400	)		$	(110,000	)
Expenses (1/1 to 7/1)		190,000				74,000
Retained earnings, 1/1		(118,000	)			(168,000	)
Cash and receivables		160,000				72,000			$	72,000
Inventory		186,000				146,000				172,000
Patented technology (net)		234,000				176,000				216,000
Land		416,000				206,000				228,000
Buildings and equipment (net)		116,000				82,000				82,000
Liabilities		(510,000	)			(376,000	)			(358,000	)
Common stock		(280,000	)			(72,000	)
Additional paid-in capital		(11,600	)			(30,000	)

rev: 05_10_2017_QC_CS-88998, 05_18_2017_QC_CS-89463

Problem 2-15 (LO 2-5, 2-9, 2-10)

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

Multiple Choice

$0.

$50,000.

$346,000.

$156,000.

Problem 2-16 (LO 2-5)

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

Multiple Choice

$216,000.

$234,000.

$390,000.

$450,000.

Problem 2-17 (LO 2-5, 2-7)

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

Multiple Choice

$72,000.

$280,000.

$346,000.

$352,000.

Problem 2-18 (LO 2-5, 2-7)

On its acquisition-date consolidated balance sheet, what amount should TruData report as retained earnings as of July 1?

Multiple Choice

$118,000.

$310,400.

$394,000.

$776,400.