Business, 08.10.2019 17:20 dogsarecrazy7868
Ion june 30, 2011, cole inc., exchanged 3,000 shares of stone corp. $30 par value common stock for a patent owned by gore co. the stone stock was acquired in 2009 at a cost of $80,000. at the exchange date, stone common stock had a fair value of $45 per share, and the patent had a net carrying value of $160,000 on gore's books. cole should record the patent at:
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Ion june 30, 2011, cole inc., exchanged 3,000 shares of stone corp. $30 par value common stock for a...
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