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On January 2,20X8,Polaris Company Acquired a 100% Interest in the Capital

Question 7

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On January 2,20X8,Polaris Company acquired a 100% interest in the capital stock of Ski 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,Ski's balance sheet contained the following information:
On January 2,20X8,Polaris Company acquired a 100% interest in the capital stock of Ski 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,Ski's balance sheet contained the following information: Ski's income statement for 20X8 is as follows: The balance sheet of Ski at December 31,20X8,is as follows: Ski declared and paid a dividend of 20,000 FCU on October 1,20X8.Spot rates at various dates for 20X8 follow: Assume Ski's revenues,purchases,operating expenses,depreciation expense,and income taxes were incurred evenly throughout 20X8. -Refer to the above information.Assuming Ski's FCU is the functional currency,what is the amount of patent amortization for 20X8 that results from Polaris's acquisition of Ski's stock on January 2,20X8.Round your answer to the nearest dollar. A) $11,500 B) $11,884 C) $7,667 D) $9,394 Ski's income statement for 20X8 is as follows:
On January 2,20X8,Polaris Company acquired a 100% interest in the capital stock of Ski 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,Ski's balance sheet contained the following information: Ski's income statement for 20X8 is as follows: The balance sheet of Ski at December 31,20X8,is as follows: Ski declared and paid a dividend of 20,000 FCU on October 1,20X8.Spot rates at various dates for 20X8 follow: Assume Ski's revenues,purchases,operating expenses,depreciation expense,and income taxes were incurred evenly throughout 20X8. -Refer to the above information.Assuming Ski's FCU is the functional currency,what is the amount of patent amortization for 20X8 that results from Polaris's acquisition of Ski's stock on January 2,20X8.Round your answer to the nearest dollar. A) $11,500 B) $11,884 C) $7,667 D) $9,394 The balance sheet of Ski at December 31,20X8,is as follows:
On January 2,20X8,Polaris Company acquired a 100% interest in the capital stock of Ski 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,Ski's balance sheet contained the following information: Ski's income statement for 20X8 is as follows: The balance sheet of Ski at December 31,20X8,is as follows: Ski declared and paid a dividend of 20,000 FCU on October 1,20X8.Spot rates at various dates for 20X8 follow: Assume Ski's revenues,purchases,operating expenses,depreciation expense,and income taxes were incurred evenly throughout 20X8. -Refer to the above information.Assuming Ski's FCU is the functional currency,what is the amount of patent amortization for 20X8 that results from Polaris's acquisition of Ski's stock on January 2,20X8.Round your answer to the nearest dollar. A) $11,500 B) $11,884 C) $7,667 D) $9,394 Ski declared and paid a dividend of 20,000 FCU on October 1,20X8.Spot rates at various dates for 20X8 follow:
On January 2,20X8,Polaris Company acquired a 100% interest in the capital stock of Ski 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,Ski's balance sheet contained the following information: Ski's income statement for 20X8 is as follows: The balance sheet of Ski at December 31,20X8,is as follows: Ski declared and paid a dividend of 20,000 FCU on October 1,20X8.Spot rates at various dates for 20X8 follow: Assume Ski's revenues,purchases,operating expenses,depreciation expense,and income taxes were incurred evenly throughout 20X8. -Refer to the above information.Assuming Ski's FCU is the functional currency,what is the amount of patent amortization for 20X8 that results from Polaris's acquisition of Ski's stock on January 2,20X8.Round your answer to the nearest dollar. A) $11,500 B) $11,884 C) $7,667 D) $9,394 Assume Ski's revenues,purchases,operating expenses,depreciation expense,and income taxes were incurred evenly throughout 20X8.
-Refer to the above information.Assuming Ski's FCU is the functional currency,what is the amount of patent amortization for 20X8 that results from Polaris's acquisition of Ski's stock on January 2,20X8.Round your answer to the nearest dollar.


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

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