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y 1. Patterson Corporation acquired 80 percent of the 100000 outstanding voting shares of Soriano, Inc, in exchange for 31.25 per share cash. The remaining

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y 1. Patterson Corporation acquired 80 percent of the 100000 outstanding voting shares of Soriano, Inc, in exchange for 31.25 per share cash. The remaining 20 percent of Soriano's shares continued to trade for $30 both before and after Patterson's acquisition At January 1, Soriano's book and fair values were as follows: Fair Values Remaining Life Current assets Buildings and equipment Trademarks Patented technology Book Values 80,000 1,250,000 700,000 80,000 1,000,000 5 yeara 900,00010 years 940,0002,000,000 4years 2,970,000 180,000 1, 500, 000 50,000 500,000 740,000 2,970,000 180, ooo 1,500,000 Current 1iabilities Long-term notes payable Common stock Additional paid-in capital Retained earnings n, Patterson assigned a $600,000 value to certain unpatented technologies recently developed by Soriano. These In additio technologies were estimated to have a three year remaining life. During the year, Soriano declared a $30,000 dividend for its shareholders expenses from their separate operations for the year ending December 31 The companies reported the following revenues and y 1. Patterson Corporation acquired 80 percent of the 100000 outstanding voting shares of Soriano, Inc, in exchange for 31.25 per share cash. The remaining 20 percent of Soriano's shares continued to trade for $30 both before and after Patterson's acquisition At January 1, Soriano's book and fair values were as follows: Fair Values Remaining Life Current assets Buildings and equipment Trademarks Patented technology Book Values 80,000 1,250,000 700,000 80,000 1,000,000 5 yeara 900,00010 years 940,0002,000,000 4years 2,970,000 180,000 1, 500, 000 50,000 500,000 740,000 2,970,000 180, ooo 1,500,000 Current 1iabilities Long-term notes payable Common stock Additional paid-in capital Retained earnings n, Patterson assigned a $600,000 value to certain unpatented technologies recently developed by Soriano. These In additio technologies were estimated to have a three year remaining life. During the year, Soriano declared a $30,000 dividend for its shareholders expenses from their separate operations for the year ending December 31 The companies reported the following revenues and

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