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Question 10 4 pts Here is selected financial statement data regarding a company's intangible assets. Dec. 31, 2018 Dec. 31, 2017 Balance Sheet: Intangible assets,
Question 10 4 pts Here is selected financial statement data regarding a company's intangible assets. Dec. 31, 2018 Dec. 31, 2017 Balance Sheet: Intangible assets, net $ 63,000 $ 55,000 Income Statement: 2018 Amortization expense $ 3,000 Gain on sale of intangible assets 10,000 During the year, the company sold intangible assets and received $40,000 in cash proceeds for the sale. In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of intangible assets" for $ Input number as is, without negative signs, brackets or parenthesis.
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