State which of the following items could appear as an asset on the statement of financial position of Goblin Combe plc, a leading premium drinks business:

• \($150,000\) of product sold during the year to Troillus Direct Inc under 40-day credit terms. The amount remained outstanding at the end of the year and management believe that the amount will never be paid.

• Goblin Combe plc holds \($22\) million of finished goods inventories as at the year-end. Of this amount, \($500,000\) relates to a product which was banned from sale during the year. The directors have ascertained that this particular product is highly effective as paint remover. A buyer has been found for this and they are willing to pay \($100,000\) for the full quantity of this otherwise unsaleable stock.

• A competing company produced a popular whisky called ‘Arbol’. Goblin Combe plc acquired the company (and by default the ‘Arbol’ brand) at the start of the year for \($30\) million. The fair value of the assets less liabilities, at that time, was estimated to be \($10\) million.

• Goblin Combe plc hired a new corporate communication team. It is confidently expected that their services will lead to an increase in profits by over \($12\) million per annum.

• A product was developed by a rival company, Old Down Quarry Inc. The directors of Goblin Combe plc decided to buy the exclusive rights to manufacture and distribute this product for the next four years at a cost of \($2\) million. The new drink has already proved successful and sales have exceeded expectations.