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chunky river real estate Chunky River Real Estate Company has the following transactions related to intangible assets during the year: Jan. 7 Purchases a 10-year

chunky river real estate
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Chunky River Real Estate Company has the following transactions related to intangible assets during the year: Jan. 7 Purchases a 10-year franchise with a national real estate company. Feb. 1 Paid company personnel prize money for creating best advertising jingle for TV ad campaign. Purchases the trademark (company logo) from another local real estate company. Aug. 3 Receives a copyright on company advertising jingle created by company personnel. Made first annual payment to national real estate company for franchise fee. Apr. 9 Sept. 8 How are each of the above items accounted for in the financial statements

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