Blossom Corp. acquires a patent from Crane Co. in exchange for 2100 shares of Blossom Corp's $5 par value common stock and $88000 cash. When the patent was initially issued to Crane Co., Blossom Corp's stock was selling at $7.30 per share. When Blossom Corp. acquired the patent, its stock was selling for $8.80 a share. Blossom Corp. should record the patent at what amount? $98500 O $106480 O $103330 O $88000 SUPPORT

Blossom Corp. acquires a patent from Crane Co. in exchange for 2100 shares of Blossom Corp.s $5 par value common stock and $88000 cash. When the patent was initiallv issued to Crane Co. Blossom Corp's stock was kelling at $7, 30 perstare When Blossom Corp. acquired the patent, its stock was selling for $8.80 a share. Blossom Corp. should record the patent at what amount? $98500 $106480 $103330 $88000