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Category > Accounting Posted 20 Sep 2017 My Price 4.00

Flint Corporation

M12-6 The general ledger of the Flint Corporation as of December 31, 2007 includes the following  accounts:

Organization costs                                                    $  5,000

Deposits with advertising agency

(will be used to promote  goodwill)                    8,000 Discounts on bonds payable          15,000 Excess of cost over book value of net

assets of acquired subsidiary                                   70,000 Trademarks      12,000

In the preparation of Flint’s balance sheet as of December 31, 2007, what should be reported as total intangible assets?

a.  $82,000                                   c. $95,000

b.   $87,000                                        d.  $110,000

 

 

 

 

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Maurice Tutor
(5)
Status NEW Posted 20 Sep 2017 03:09 PM My Price 4.00

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