IAS 38Stacy Company reported the following data at year-end:FranchiseP1,000,000Computer softwareDeferred charges1,500,000100,000Patent2,500,000500,000700,000Customer list purchasedCopyrightDeposit with advertising agency to promote goodwill400,000Bond sinking fund1,300,000Goodwill4,000,000Trademark900,000Research and development cost2,000,0004. What total amount should be reported as intangible assets?a. 11,100,000b. 11,500,000c. 10,600,000d. 13,100,000

Opetion d. 13,100,000 is correct That Type of assets which can't be touch. That is called an…

Answered: 4. What total amount should be reported…

Business

Accounting

4. What total amount should be reported as intangible assets?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.2.2P

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