On January 1,2023, Oliver Company acquired 60 percent of Johnson Company for $480,000 when Johnson's...

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Accounting

On January 1,2023, Oliver Company acquired 60 percent of Johnson Company for $480,000 when Johnson's book value was
$650,000. The fair value of the newly comprised 40 percent noncontrolling interest was assessed at $320,000. At the acquisition
date, Johnson's trademark (20-year remaining life) was undervalued in its financial records by $60,000. Also, patented technology
(10-year remaining life) was undervalued by $90,000.
At the end of 2024, Oliver reports trademark of $250,000 while Johnson reports trademark of $100,000. The fair value of Johnson's
trademark is $164,000 on December 31,2024. What amount is reported for trademark in the 2024 consolidated balance sheet?
$514,000.
$360,000.
$410,000.
$404,000.
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