Question: with solution please Question 50 2 pts The general ledger of Mighty Corporation as of December 31, 2021, includes the following accounts: Copyrights P 30,000

with solution please with solution please Question 50 2 pts The general ledger of Mighty

Question 50 2 pts The general ledger of Mighty Corporation as of December 31, 2021, includes the following accounts: Copyrights P 30,000 Deposits with advertising agency (will be used to promote goodwill) 27,000 Bond sinking fund 70,000 Excess of cost over fair value of identifiable net assets of acquired subsidiary 390,000 Trademarks 120,000 In the preparation of Mighty's statement of financial position as of December 31, 2021, what should be reported as total intangible assets? OP567.000 OP510,000 P540,000 P537,000

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