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please advise 5) For Mitchell Company, the following information is available: Prepaid rent $280,000, Trademarks 90,000 , Long-term receivables 105,000, Goodwill 295,000 Equipment 25,000, patents
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5) For Mitchell Company, the following information is available: Prepaid rent $280,000, Trademarks 90,000 , Long-term receivables 105,000, Goodwill 295,000 Equipment 25,000, patents 115,000 . In Mitchell's balance sheet, intangible assets should be reported at c. $90,000. GW=295000 d. $385,000. 500000Paterts=115000 6) Included in Ewing Company's December 31,2020 , trial balance are the following accounts: Accounts Payable $240,000 Pension Liability $375,000; Advances from Customers $41,000, Bonds Payable $400,000; Wages Payable $27,000, Interest Payable $12,000 Income Taxes Payable $29,000. In Ewing Company's December 31, 2020, the current liabilities total is: a.$991,000.b.$763,000.c.$349,000.d.$751,000.CalculationsCLAP=240000advancesframcustonen=41guInase=27000Inen=12000Incentare=34900029000 7) Included in Ewing Company's December 31, 2020, trial balance are the following accounts: Accounts Payable $240,000; Pension Liability $300,000; Advances from Customers $41,000; Bonds Payable $400,000; Wages Payable $27,000; Interest Payable $12,000; Income Taxes Payable $29,000. In Ewing Company's December 31, 2020, the non current liabilities total is: a. 400,000 Calculations b. $300,000 c. $700,000 d. $741,000Step by Step Solution
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