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Business, 14.12.2021 05:30 skcats7353

On May 5, 2021, Blossom Corp. exchanged 2400 shares of its $25 par value treasury common stock for a patent owned by Crane Co. The treasury shares were acquired in 2020 for $77000. At May 5, 2021, Blossom's common stock was quoted at $37 per share, and the patent had a carrying value of $102000 on Crane's books. Blossom should record the patent at.

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On May 5, 2021, Blossom Corp. exchanged 2400 shares of its $25 par value treasury common stock for a...

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