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Y Company has the following information. Accounts payable Accounts receivable $60,000 100,000 400,000 1,500,000 Accumulated Depreciation-Buildings Buildings Cash 80,000 Common Stock 700,000 Copyright 140,000 Inventory

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Y Company has the following information. Accounts payable Accounts receivable $60,000 100,000 400,000 1,500,000 Accumulated Depreciation-Buildings Buildings Cash 80,000 Common Stock 700,000 Copyright 140,000 Inventory 160,000 Investments in Stocks & Bonds (Will hold 5 years) 150,000 Investments in Stocks & Bonds (Will hold 5 20,000 months) Land 200,000 Mortgage Payable (30 year) 400,000 Notes payable (Due 7/1/2020) 250,000 Notes payable (Due 7/1/2018) 40,000 Prepaid insurance 10,000 420,000 Retained Earnings Salaries payable 90,000 Based on the above data, what is the amount of intangible assets on Y Company's 12/31/2017 classified balance sheet? Based on the above data, what is the amount of intangible assets on Y Company's 12/31/2017 classified balance sheet? $250,000 O $420,000 $140,000 $240,000

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