xWileyPLUS Q Chapter 12 Flashcards l Quizi ttps://edugen.wileyplus.com/edugen/It

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xWileyPLUS Q Chapter 12 Flashcards l Quizi ttps://edugen.wileyplus.com/edugen/Iti/main.uni Re Kimmel, Accounting, 6e d Time: 08:14 PM / Remaining: 107 min. Multiple Choice Question 174 Given the following account balances at year end, compute the total intangible assets on the balance sheet of Blossom Company. Cash Accounts Receivable Trademarks Goodwill Research & Development Costs $1140000 1200000 1245000 3140000 2640000 O $7025000. $9665000. $4385000 $12305000. Click if you would like to Show Work for this question: Open Show Work Question Attempts: O of 1 used SUBMIT ANSWER

Explanation / Answer

Total intangible assets

= Trademarks + Goodwill

= $1,245,000 + $3,140,000

= $4,385,000

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