Jaynes Inc. acquired all of Aaron Co.'s common stock on January 1, 2010, by issuing 11,000 shares of $1 par value common stock. Jaynes' shares had a $17 per share fair value. On that date, Aaron reported a net book value of $120,000. However, its equipment (with a five-year remaining life) was undervalued by $6,000 in the company's accounting records. Any excess of consideration transferred over fair value of assets and liabilities is assigned to an unrecorded patent to be amortized over ten years. 
-What was consolidated patents as of December 31, 2011?
Definitions:
Robert Sternberg
An American psychologist best known for his theory on love and intelligence, including the Triarchic Theory of Intelligence which outlines analytical, creative, and practical aspects of intelligence.
Howard Gardner's
Refers to Howard Gardner's theory of multiple intelligences, which posits that individuals have different kinds of intelligences, including linguistic, logical-mathematical, spatial, musical, bodily-kinesthetic, interpersonal, intrapersonal, and naturalist.
Aptitude
The potential to master a specific skill, or to learn a certain body of knowledge.
Achievement
The process of using one's skills and efforts to reach a goal or accomplish something, often recognized through rewards, success, or the fulfillment of objectives.
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