On May 5, 2021, Blossom Corp. exchanged 2400 shares of its $25 par value treasury common stock for a patent owned by Crane Co. The treasury shares were acquired in 2020 for $77000. At May 5, 2021, Blossom's common stock was quoted at $37 per share, and the patent had a carrying value of $102000 on Crane's books. Blossom should record the patent at.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answernet income for 2017 will be greater if the inventory quantity declines;