On January 2,2008,Johnson Company Acquired a 100% Interest in the Capital

question 13

Multiple Choice

On January 2,2008,Johnson Company acquired a 100% interest in the capital stock of Perth Company for $3,100,000.Any excess cost over book value is attributable to a patent with a 10-year remaining life.At the date of acquisition,Perth's balance sheet contained the following information:
Perth's income statement for 2008 is as follows:
The balance sheet of Perth at December 31,2008,is as follows:
Perth declared and paid a dividend of 20,000 FCU on October 1,2008.Spot rates at various dates for 2008 follow:
Assume Perth's revenues,purchases,operating expenses,depreciation expense,and income taxes were incurred evenly throughout 2008.

-Refer to the above information.Assuming Perth's local currency is the functional currency,what is the amount of patent amortization for 2008 that results from Johnson's acquisition of Perth's stock on January 2,2008.Round your answer to the nearest dollar.

• A)$11,500
• B)$11,884
• C)$7,667
• D)$9,394

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Definitions:

Coping Mechanisms

Strategies or behaviors used by individuals to confront and manage stress, challenges, or trauma in an attempt to maintain psychological well-being.

Suicide Attempt

An act of self-harm with the intention to end one's life, which does not result in death.

Giving Away Possessions

An act often associated with preparation for life changes or mental health issues where individuals distribute personal items to others without an expectation of return.