Question: On June 3 0 , 2 0 2 6 , Ivanhoe, Inc. exchanged 5 0 0 0 shares of Oriole Corp. $ 3 0 par

On June 30,2026, Ivanhoe, Inc. exchanged 5000 shares of Oriole Corp. $30 par value common stock for a patent owned by Pharoah Co. The Oriole stock was acquired in 2026 for $155000. At the exchange date, Oriole common stock had a fair value of $38 per share, and the patent had a net carrying value of $300000 on Pharoah's books. Ivanhoe should record the patent at
$300000.
$155000.
$150000.
$190000.
On June 3 0 , 2 0 2 6 , Ivanhoe, Inc. exchanged 5

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