The General Ledger of the Flybird Corporation as of December

question 86

Multiple Choice

The general ledger of the Flybird Corporation as of December 31 includes the following accounts:

In the preparation of Flybird's balance sheet as of December 31,what should be reported as total intangible assets?

• A)$68,000
• B)$328,000
• C)$368,000
• D)$380,000

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Definitions:

Libido

A term used in psychoanalytic theory to denote the energy of the sexual drive as a component of the life instinct.

Unconscious

The part of the mind that contains thoughts, memories, and desires not within immediate awareness but influencing behavior.

Neurotics

Individuals who suffer from neurosis, a psychological condition marked by chronic distress but not by delusions or hallucinations.

Neurotic Anxiety

A psychological condition characterized by excessive worry or anxiety that is not based on any real external threat.