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Use the following data to determine the total dollar amount of assets to be classified as Intangible assets: Koonce Office Supplies Balance Sheet December 31,
Use the following data to determine the total dollar amount of assets to be classified as Intangible assets: Koonce Office Supplies Balance Sheet December 31, 2017 210,000 Salaries and wages payable S 195,000 Acounts payable 150,000 Cash Accounts receivable 30,000 Inventory Prepaid insurance Stock investments Licenses 65,000 Mortgage payable 240.000 90,000 255,000 270,000 480,000 Total liabilities Common stock 360,000 Retained earnings 750,000 Total stockholders' equity Total liabilities and $315,000 Buildings Less: Accumulated depreciation (60.000) 255,000 Trademarks $1.110.000 210.000 stockholders' equity $1590000 Total assets $1.590.000 $100,000 $270,000 $480,000 $210,000 $0
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