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A premium a business pays to acquire another business Donations made by a company to charitable causes Question 3 2.5 pts Ray Walston Pharmaceuticals spent $3 million to develop a new prescription drug-$2 million during 2019 and $1 million during 2020. Walston was awarded a patent for the drug during 2020, and Walston believed the patent was worth $6 million. What amount should Walston record as a patent asset on its 2020 balance sheet? O $0 O $1 million O $2 million $3 million $6 million 2.5 pts Question 4 In December 2020, John Keating Pharmaceuticals purchased a patent from its competitor, Veronica Vann Drue Co.for $300,000. Vaughn had previously spent $500,000 on R&D related to this