on january 1, 2020, quickport company acquired 90 percent of the outstanding voting stock of netspeed, inc., for $1,026,000 in cash and stock options. at the acquisition date, netspeed had common stock of $1,080,000 and retained earnings of $54,000. the acquisition-date fair value of the 10 percent noncontrolling interest was $114,000. quickport attributed the $6,000 excess of netspeed's fair value over book value to a database with a five-year remaining life.

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.