On january 1, 2017, grand haven, inc., reports net assets of $945,300 although equipment (with a four-year remaining life) having a book value of $510,000 is worth $591,500 and an unrecorded patent is valued at $45,000. van buren corporation pays $857,440 on that date to acquire an 80 percent equity ownership in grand haven. if the patent has a remaining life of nine years, at what amount should the patent be reported on van buren's consolidated balance sheet at december 31, 2018?

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.