Crane Corporation has the following accounts included in its December 31, 2025, trial balance: Equity Investments (to

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Crane Corporation has the following accounts included in its December 31, 2025, trial balance: Equity Investments (to be sold in the next 6 months) $21,000, Goodwill $150,000, Prepaid Insurance $12,000, Patents $220,000, and Franchises $130,000. Prepare the intangible assets section of the balance sheet.

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Intermediate Accounting

ISBN: 9781119790976

18th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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