Company A reports $1,000,000 of trademarks on its balance sheet, but Company B reports no such item.

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Company A reports $1,000,000 of trademarks on its balance sheet, but Company B reports no such item. Which statement is more likely to be correct?

1. Company A has more valuable trademarks than Company B, or 2. Company A has purchased trademarks, but Company B has not.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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