Patrick Corporations adjusted trial balance contained the following asset accounts at December 31, 2025: Prepaid Rent $12,000,
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Patrick Corporation’s adjusted trial balance contained the following asset accounts at December 31, 2025: Prepaid Rent $12,000, Goodwill $50,000, Franchise Fees Receivable $2,000, Franchises $47,000, Patents $33,000, and Trademarks $10,000. Prepare the intangible assets section of the balance sheet.
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Related Book For 
Intermediate Accounting
ISBN: 9781119790976
18th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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