Given the Following Account Balances at Year End, Compute the Total

question 81

Multiple Choice

Given the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises. $$\begin{array} { l r } \text { Cash } & \$ 1,500,000 \\\text { Accounts Receivable } & 4,000,000 \\\text { Trademarks } & 1,000,000 \\\text { Goodwill } & 2,500,000 \\\text { Research \& Development Costs } & 2,000,000\end{array}$$

• A) $9,500,000.
• B) $5,500,000.
• C) $3,500,000.
• D) $7,500,000.

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Definitions:

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