Pinehurst Industries has the following account balances at 12/31/10: Amortization expense: $12,000 Goodwill: $200,000 Patent, net of $40,000 amortization: $80,000 Amortization of patent: $40,000 What amount should Pinehurst Industries report for intangible assets on the 12/31/10 balance sheet?

Pinehurst Industries has the following account balances at 12/31/10: Amortization expense: $12,000 Goodwill: $200,000 Patent, net of $40,000 amortization: $80,000 Amortization of patent: $40,000 What amount should Pinehurst Industries report for intangible assets on the 12/31/10 balance sheet?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 6RE: Oz Corporation has the following assets at year-end: Patents (net), 26,000; Land, 50,000; Buildings,...

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