Following Are Selected Accounts for Green Corporation and Vega Company

question 52

Multiple Choice

Following are selected accounts for Green Corporation and Vega Company as of December 31, 2023. Several of Green's accounts have been omitted. Green acquired 100% of Vega on January 1, 2019, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2019, Vega's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment.Compute the December 31, 2023, consolidated trademark.

• A) $50,000.
• B) $46,875.
• C) $0.
• D) $34,375.
• E) $37,500.

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Definitions:

Fear

An emotional response to perceived threats or danger, characterized by feelings of anxiety, tension, and increased alertness.

James-Lange Theory

A theory of emotion proposing that emotions occur as a result of physiological responses to external stimuli.

Emotion

A complex psychological state that involves a subjective experience, physiological response, and behavioral or expressive response.

Physiological Changes

Alterations in the body's normal biological functions, which can be due to various factors including stress, environmental changes, or disease.