Presented below is selected account information related to Matt Perry Inc. as of December 21, 2019. All these accounts have debit balances.
Cable television franchises................................Film contract rights
Music copyrights...........................................Customer lists
Research and development costs........................Prepaid expenses
Goodwill.....................................................Covenants not to compete
Cash..........................................................Brand names
Accounts receivable.......................................Notes receivable
Property, plant, and equipment..........................Investments in associated companies
Internet domain name....................................Organization costs
Land
Instructions
Identify which items should be classified as an intangible asset. For those items not classified as an intangible asset, indicate where they would be reported in the financial statements.