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What should be reported as total intangible assets

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Reference no: EM13872260

1. The adjusted trial balance of the Laventhal Corporation as of December 31, 2014 includes the following accounts:

Trademark $ 30,000

Discount on bonds payable 37,500

Organization costs 12,500

Excess of cost over fair value of identifiable net assets of acquired business 175,000 Advertising costs (to promote goodwill) 20,000

What should be reported as total intangible assets on Laventhal's December 31, 2014 balance sheet?

 

Reference no: EM13872260

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