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1. Intangibles are very important Assets of an Organization. Some are purchased and some are developed. Name two types that are purchased and how they

1. Intangibles are very important Assets of an Organization. Some are purchased and some are developed. Name two types that are purchased and how they are carried in the books and reported in the Balance Sheet. 2. How does a reader of financial statements determine that a subsidiary of a company is not wholly owned? Where would that information be found? Be specific and to the point

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