The general ledger of the Flybird Corporation as of December 31 includes the following accounts: Organization costs ................................... $ 20,000 Deposits with advertising agency (will be used to promote goodwill) .................................. 32,000 Discount on bonds payable ............................ 60,000 Excess of cost over book value of net assets of acquired
subsidiary ................................ 280,000 Trademarks ........................................... 48,000 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
B
Business
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