Here is selected financial statement data regarding a company's intangible assets.

Balance Sheet:Dec. 31, 2018Dec. 31, 2017Intangible assets, net$  296,000$  225,000Income Statement:2018Amortization expense$  10,000Loss on sale of intangible assets9,000

During the year, the company sold intangible assets for $36,000 cash.

 

In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of intangible assets" for $

Answer rating: 100% (QA)

To determine the cash disbursement for purchases of intangible assets in the investing activities se... View the full answer