Question
Crane Corporation has the following accounts included in its December 31, 2014, trial balance: Equity Investments (trading) $22,100; Goodwill $158,730; Prepaid Insurance $12,330; Patents $226,290;
Crane Corporation has the following accounts included in its December 31, 2014, trial balance: Equity Investments (trading) $22,100; Goodwill $158,730; Prepaid Insurance $12,330; Patents $226,290; Franchises $110,530.
Prepare the intangible assets section of the balance sheet.
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
