Presented below is selected information related to Martin Burke Inc. at year-end. All these accounts have debit balances.

Cable television franchises

Film contract rights

Music copyrights

Customer lists

Research and development costs Prepaid expenses

Goodwill

Covenants not to compete

Cash

Brand names

Discount on notes

payable Notes receivable

Accounts receivable

Investments in affiliated companies

Property, plant, and equipment Organization costs

Internet domain name

Land

Instructions

Identify which items should be classified as an intangible asset. For those items not classified as an intangible asset, indicate where they would be reported in the financial statements.

Answer rating: 100% (QA)

Intangible Assets 1Cable television franchises 2Film contract ... View the full answer