Prepare T accounts for Brand and Packing. Do they go under assets, liabilities or stockholder's equity?...

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Prepare T accounts for Brand and Packing. Do they go under assets, liabilities or stockholder's equity? In addition where does Goodwill goes? Montem - Fitness Pole Division Balance Sheet 6/30/2021 Inventory $ 500,000 Packaging $ 75,000 Brand $ Accounts Payable $ 40,000 Additional Information: WalkStix Inc. believes that the brand value of Montem's "Pro Walker - Nordic Fitness Poles" has a present value of $ 1,000,000 Prepare T accounts for Brand and Packing. Do they go under assets, liabilities or stockholder's equity? In addition where does Goodwill goes? Montem - Fitness Pole Division Balance Sheet 6/30/2021 Inventory $ 500,000 Packaging $ 75,000 Brand $ Accounts Payable $ 40,000 Additional Information: WalkStix Inc. believes that the brand value of Montem's "Pro Walker - Nordic Fitness Poles" has a present value of $ 1,000,000 Prepare T accounts for Brand and Packing. Do they go under assets, liabilities or stockholder's equity? In addition where does Goodwill goes? Montem - Fitness Pole Division Balance Sheet 6/30/2021 Inventory $ 500,000 Packaging $ 75,000 Brand $ Accounts Payable $ 40,000 Additional Information: WalkStix Inc. believes that the brand value of Montem's "Pro Walker - Nordic Fitness Poles" has a present value of $ 1,000,000

Answer rating: 100% (QA)

Answer Packaging 75000 Brand 0 on 6302021 brand has no value but ... View the full answer