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ndicate in the blank spaces below, the appropriate group heading for financial reporting purposes. Use the following code to identify your answer: PPE Property, Plant, and Equipment NR Natural Resources I Intangible Assets O Other N/A Not on the balance sheet   Goodwill7.Timberlands Land improvements8.Franchises Development costs for a patented product 9.Licences Accumulated depreciation—buildings10.Equipment Trademarks11.Depreciation expense Research costs12.Land

ndicate in the blank spaces below, the appropriate group heading for financial reporting purposes. Use the following code to identify your answer: PPE Property, Plant, and Equipment NR Natural Resources I Intangible Assets O Other N/A Not on the balance sheet   Goodwill7.Timberlands Land improvements8.Franchises Development costs for a patented product 9.Licences Accumulated depreciation—buildings10.Equipment Trademarks11.Depreciation expense Research costs12.Land

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Indicate in the blank spaces below, the appropriate group heading for financial reporting purposes. Use the following code to identify your answer:

PPE Property, Plant, and Equipment

NR Natural Resources

I Intangible Assets

O Other

N/A Not on the balance sheet

 

  1. Goodwill7.Timberlands
  2. Land improvements8.Franchises
  3. Development costs for a patented product 9.Licences
  4. Accumulated depreciation—buildings10.Equipment
  5. Trademarks11.Depreciation expense
  6. Research costs12.Land
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