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Mini Corp. acquired a patent from Maxi Co, in exchange for 2,500 shares of Mini Corp.'s $5 par value common stock and $90,000 cash.
Mini Corp. acquired a patent from Maxi Co, in exchange for 2,500 shares of Mini Corp.'s $5 par value common stock and $90,000 cash. When Mini Corp. acquired the patent, its stock was selling for $9 a share. Mini Corp. should record the patent at what amount? a $102,500 b. $108,750 0. $112,500 d. $90,000 ired 6000 shares of Seely Corp. $30 par value common stock for a patent owned phare and the patent had a
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