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West Company acquired 60 percent of Solar Company for $306,000 when Solar's book value was $406,000. The newly comprised 40 percent noncontrolling interest had an

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West Company acquired 60 percent of Solar Company for $306,000 when Solar's book value was $406,000. The newly comprised 40 percent noncontrolling interest had an assessed fair value of $204,000. Also at the acquisition date, Solar had a trademark (with a 10-year life) that was undervalued in the financial records by $62,000. Also, patented technology (with a 5-year life) was undervalued by $42,000. Two years later, the following figures are reported by these two companies (stockholders' equity accounts have been omitted): Current assets Trademarks Patented technology Liabilities Revenues Expenses Investment income West Company Book Value $ 622,000 262,000 412,000 (392,000) (902,000) 498,000 Not given Solar Company Book Value $302,000 202,000 152,000 (122,000) (402,000) 302,000 Solar Company Fair Value $ 322,000 282,000 152,000 (122,000) What is the consolidated trademarks balance? Multiple Choice O $513,600 What is the consolidated trademarks balance? Multiple Choice $513,600 $519,800. $526,000. $532,200

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