Blossom Corporation has the following selected transactions during the year ended December 31,2024: ...
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Blossom Corporation has the following selected transactions during the year ended December : Jan. Purchased a copyright for $ cash. The copyright has a useful life of six years and a remaining legal life of years. Mar. Acquired a franchise with a contract period of nine years for $; the expiration date is March Paid cash of $ and borrowed the remainder from the bank. Sept. Purchased a trademark with an indefinite life for $ cash. As the purchase was being finalized, spent $ cash in legal fees to successfully defend the trademark in court. Dec. Purchased an advertising agency for $cash. The agency's only assets reported on its statement of financial position immediately before the purchase were accounts receivable of $ furniture of $ and leasehold improvements of $ Blossom hired an independent appraiser who estimated that the fair value of these assets was accounts receivable $ furniture $ and leasehold improvements $ Blossom is not assuming any liabilities pertaining to the agency. 
Blossom Corporation has the following selected transactions during the year ended December :
Jan. Purchased a copyright for $ cash. The copyright has a useful life of six years and a remaining legal life of years.
Mar. Acquired a franchise with a contract period of nine years for $; the expiration date is March Paid cash of $ and borrowed the remainder from the bank.
Sept. Purchased a trademark with an indefinite life for $ cash. As the purchase was being finalized, spent $ cash in legal fees to successfully defend the trademark in court.
Dec. Purchased an advertising agency for $cash. The agency's only assets reported on its statement of financial position immediately before the purchase were accounts receivable of $ furniture of $ and leasehold improvements of $ Blossom hired an independent appraiser who estimated that the fair value of these assets was accounts receivable $ furniture $ and leasehold improvements $ Blossom is not assuming any liabilities pertaining to the agency.
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