Business, 20.03.2021 01:00 20bakerai

Presented below is selected information related to Martin Burke Inc. at year-end. All these accounts have debit balances.

Cable television franchises
Film contract rights
Music copyrights
Customer lists
Research and development costs Prepaid expenses
Goodwill
Covenants not to compete
Cash
Brand names
Discount on notes
payable Notes receivable
Accounts receivable
Investments in affiliated companies
Property, plant, and equipment Organization costs
Internet domain name
Land
Instructions

Identify which items should be classified as an intangible asset. For those items not classified as an intan-
gible asset, indicate where they would be reported in the financial statements.

Answers: 2

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Presented below is selected information related to Martin Burke Inc. at year-end. All these account...

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