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Following Are Selected Accounts for Green Corporation and Vega Company

question 79

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Following are selected accounts for Green Corporation and Vega Company as of December 31, 2013. Several of Green's accounts have been omitted. Following are selected accounts for Green Corporation and Vega Company as of December 31, 2013. Several of Green's accounts have been omitted.   Green acquired 100% of Vega on January 1, 2009, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2009, 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, 2013, consolidated trademark. A)  $50,000. B)  $46,875. C)  $0. D)  $34,375. E)  $37,500. Green acquired 100% of Vega on January 1, 2009, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2009, 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, 2013, consolidated trademark.

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Movements of the eye that are not controlled by the individual, often reflexive responses to stimuli or part of the body's normal physiological function.

Optic Chiasm

is the X-shaped structure located in the brain where the optic nerves partially cross, crucial for visual processing.

Hemisphere

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Long, slender projections of nerve cells that transmit electrical impulses throughout the nervous system.

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