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The general ledger of Crane Corporation as of December 31, 2021, includes the following accounts: Copyrights $ 61000 Deposits with advertising agency (will be used
The general ledger of Crane Corporation as of December 31, 2021, includes the following accounts:
Copyrights | $ 61000 |
Deposits with advertising agency (will be used to promote goodwill) | 38000 |
Discount on bonds payable | 81000 |
Excess of cost over fair value of identifiable net assets of | |
Acquired subsidiary | 590000 |
Trademarks | 66000 |
In the preparation of Crane's balance sheet as of December 31, 2021, what should be reported as total intangible assets?
$717000.
$755000.
$656000.
$694000.
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