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The following information is available for Blossom Company's patents: $2790000 1270000 Cost Carrying amount Expected future net cash flows Fair value 963000 975000 Blossom would

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The following information is available for Blossom Company's patents: $2790000 1270000 Cost Carrying amount Expected future net cash flows Fair value 963000 975000 Blossom would record a loss on impairment of $1270000. $307000. $1827000. $295000

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