Shure Company reported the following assets a year – end: Financial asset held for trading 1 000 000 Goodwill 1 500 000 Prepaid insurance 50 000 Patent 2 500 000 Customer list 500 000 What amount should be reported as total intangible assets at year – end?
Shure Company reported the following assets a year – end: Financial asset held for trading 1 000 000 Goodwill 1 500 000 Prepaid insurance 50 000 Patent 2 500 000 Customer list 500 000 What amount should be reported as total intangible assets at year – end?
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
Chapter12: Intangibles
Section: Chapter Questions
Problem 10MC
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Shure Company reported the following assets a year – end:
Financial asset held for trading 1 000 000
Prepaid insurance 50 000
Patent 2 500 000
Customer list 500 000
What amount should be reported as total intangible assets at year – end?
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