Question
At December 31, 2020, Walker Corp.s general ledger includes the following account balances: Copyrights......................................................................................... $ 50,000 Deposits with advertising agency (will be used to promote
At December 31, 2020, Walker Corp.s general ledger includes the following account balances:
Copyrights......................................................................................... $ 50,000
Deposits with advertising agency (will be used to promote goodwill).. 32,000
Discount on bonds payable................................................................ 72,700
Excess of cost over fair value of identifiable net assets of
acquired subsidiary............................................................................ 578,000
Trademarks....................................................................................... 102,000
In the preparation of Walkers balance sheet as of December 31, 2020, what should be reported as total intangible assets?
a) $ 152,000
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b) $ 730,000
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c) $ 762,000
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d) $ 802,700 |
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