Incorrect answer iconYour answer is incorrect. The general ledger of Wildhorse Corporation as of December 31,...
Incorrect answer iconYour answer is incorrect.
The general ledger of Wildhorse Corporation as of December 31,
2021, includes the following accounts:
| Copyrights | $ 47000 |
| Deposits with advertising agency (will be used to promote goodwill) | 24000 |
| Discount on bonds payable | 67000 |
| Excess of cost over fair value of identifiable net assets of | |
| Acquired subsidiary | 450000 |
| Trademarks | 79000 |
In the preparation of Wildhorse's balance sheet as of December 31, 2021, what should be reported as total intangible assets?
$529000.
$553000.
$576000.
$600000.
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Incorrect answer iconYour answer is incorrect. The general ledger of Wildhorse Corporation as of December 31,...
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Discount on bonds payable
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Deposits with advertising agency for ads to promote goodwill of
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10,300
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calculate the total amount for intangible assets at Dec 31,
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1. Joni Shamrock Inc. has the following amounts reported in its
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Organization costs
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Trademarks
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Discount on bonds payable
36,600
Deposits with advertising agency
for ads to promote goodwill of company
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Excess of cost over fair value of
net identifiable assets of acquired subsidiary
76,600
Cost of equipment acquired for
research and development projects;
the equipment has an
alternative future use
86,600
Costs of developing a secret
formula for...
Presented below is the adjusted trial balance of Wildhorse Corporation at December 31, 2020. Debit Credit...
Presented below is the adjusted trial balance of Wildhorse Corporation at December 31, 2020. Debit Credit Cash $ ? 1,430 1,230 48,230 $ 4,230 1,180 10,230 730 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2027) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 2,230 9,230 10,230 25,230 10,230 9,230 1,630 1,430 1,130 Total $ ? $ ? Additional information: 1....
Listed below is a selection of accounts found in the general ledger of Marshall Corporation as...
Listed below is a selection of accounts found in the general
ledger of Marshall Corporation as of December 31, 2021:
List those accounts that should be classified as intangible
assets.
Accounts receivable
YesNo
Research & development costs
YesNo
Goodwill
YesNo
Internet domain name
YesNo
Organization costs
YesNo
Initial operating loss
YesNo
Prepaid insurance
YesNo
Non-competition agreement
YesNo
Radio broadcasting rights
YesNo
Customer list
YesNo
Premium on bonds payable
YesNo
Video copyrights
YesNo
Trade name
YesNo
Notes receivable
YesNo
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Joni Metlock Inc. has the following amounts reported in its
general ledger at the end of the current year.
Organization costs
$22,300
Trademarks
12,700
Discount on bonds payable
35,300
Deposits with advertising agency for ads to promote goodwill of
company
10,300
Excess of cost over fair value of net identifiable assets of
acquired subsidiary
75,300
Cost of equipment acquired for research and development
projects; the
equipment has an alternative future use
85,300
Costs of developing a secret formula for a...
calculate the total amount for intangible assets at Dec 31,
2020 using IFRS
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1. Joni Shamrock Inc. has the following amounts reported in its
general ledger at the end of the current year.
Organization costs
$23,600
Trademarks
15,300
Discount on bonds payable
36,600
Deposits with advertising agency
for ads to promote goodwill of company
11,600
Excess of cost over fair value of
net identifiable assets of acquired subsidiary
76,600
Cost of equipment acquired for
research and development projects;
the equipment has an
alternative future use
86,600
Costs of developing a secret
formula for...
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Listed below is a selection of accounts found in the general
ledger of Marshall Corporation as of December 31, 2021:
List those accounts that should be classified as intangible
assets.
Accounts receivable
YesNo
Research & development costs
YesNo
Goodwill
YesNo
Internet domain name
YesNo
Organization costs
YesNo
Initial operating loss
YesNo
Prepaid insurance
YesNo
Non-competition agreement
YesNo
Radio broadcasting rights
YesNo
Customer list
YesNo
Premium on bonds payable
YesNo
Video copyrights
YesNo
Trade name
YesNo
Notes receivable
YesNo
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