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Incorrect answer iconYour answer is incorrect. The general ledger of Wildhorse Corporation as of December 31, 2021, includes the following accounts: Copyrights $ 47000 Deposits
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The general ledger of Wildhorse Corporation as of December 31, 2021, includes the following accounts:
Copyrights | $ 47000 |
Deposits with advertising agency (will be used to promote goodwill) | 24000 |
Discount on bonds payable | 67000 |
Excess of cost over fair value of identifiable net assets of | |
Acquired subsidiary | 450000 |
Trademarks | 79000 |
In the preparation of Wildhorse's balance sheet as of December 31, 2021, what should be reported as total intangible assets?
$529000.
$553000.
$576000.
$600000.
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