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ABC Corporation is located in London but does business throughout Europe. The company builds and sols equimert und in manufacturing pharmaceuticals. On December 31, 2015,

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ABC Corporation is located in London but does business throughout Europe. The company builds and sols equimert und in manufacturing pharmaceuticals. On December 31, 2015, ABC has trading securities valued 10.000. goodwill valued 20.000 prepaid insurance valued at 5,000; patents valued at 10,000; and copyrights valued at 10.000. On ABC Corporation statement of financial position at December 31, 2015, what amount should be reported as intangible asset? A. 30,000 B. 55,000

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