Pine Corporation s adjusted trial balance contained the following asset accounts
Pine Corporation's adjusted trial balance contained the following asset accounts at December 31, 2014:
Prepaid Rent ........ $12,000;
Goodwill ........... $50,000;
Franchise Fees Receivable .... $2,000;
Intangible Assets- Franchises ... $47,000;
Intangible Assets- Patents ... $33,000;
Intangible Assets-Trademarks . $ 10,000.
Prepare the intangible assets section of the statement of financial position.
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