Following is an excerpt from the balance sheet of On the Edge Technologies Inc (in thousands) 2017 2016 Goodwill (Note 4) $60 7 $51 8 Intangible assets (Note 4) 48 4 42 4 A potential investor in On the Edge has asked you for advice What information would you look for in the accompanying notes to th...

Following is an excerpt from the balance sheet of On the Edge Technologies Inc.: ____________________________________________________ (in thousands)

Question:

Following is an excerpt from the of On the Edge Technologies Inc.:
____________________________________________________ (in thousands)
__________________________________________________ 2017 ______ 2016
Goodwill (Note 4) ..................................................... $60.7 ...... $51.8
(Note 4) ............................................. 48.4 ......... 42.4
A potential investor in On the Edge has asked you for advice. What information would you look for in the accompanying notes to the on which to base your advice about the investment decision?
Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...