Following Are Selected Accounts for Green Corporation and Vega Company

question 87

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:

Cognitive Symptoms

Issues or changes in thinking processes, including memory, attention, and problem-solving abilities.

ADHD

Attention Deficit Hyperactivity Disorder is a neurodevelopmental condition marked by symptoms of inattention, hyperactivity, and impulsiveness.

Psychological Factors

Non-physical factors that influence mental health or behavior, including thoughts, emotions, and attitudes.

Social Factors

Aspects of society that influence individuals' functioning, behavior, and attitudes, including family, education, income, and social norms.