On January Benjamin Company acquires of Coaster Company for $ in cash consideration. The remaining
percent noncontrolling interest shares had an acquisitiondate estimated fair value of $ Coaster's acquisitiondate total
book value was $
The fair value of Coaster's recorded assets and liabilities equaled their carrying amounts. However, Coaster had two unrecorded
assetsa trademark with an indefinite life and estimated fair value of $ and several customer relationships estimated to be
worth $ with fouryear remaining lives. Any remaining acquisitiondate fair value in the Coaster acquisition was considered
goodwill.
During Coaster reported $ net income and declared and paid dividends totaling $ Also in Benjamin
reported $ net income, but neither declared nor paid dividends.
What amount of goodwill should be reported on Benjamin's consolidated balance sheet at December
$
$
$
$
