Question
ABC Corp's adjusted trial balance contained the following asset accounts on December 31, 20XX: Prepaid Rent, $24,930; Inventory, $56,590; Franchise Fees Receivable, $2,240; Franchises, $53,290;
ABC Corp's adjusted trial balance contained the following asset accounts on December 31, 20XX: Prepaid Rent, $24,930; Inventory, $56,590; Franchise Fees Receivable, $2,240; Franchises, $53,290; Patents, $37,330; and Trademarks, $11,340. Calculate the total amount of intangible assets on December 31, 20XX, using this information.
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Management Accounting
Authors: Pauline Weetman
2nd Edition
0273718452, 978-0273718451
