ACC 304 Endless Education /uophelp.com ACC 304 Endless Education /uophelp.com | Page 13

Deposits with advertising agency( will be used to promote goodwill) 27,000
Discount on bonds payable 70,000
Excess of cost over fair value of identifiable net assets of Acquired subsidiary 480,000
Trademarks 90,000
In the preparation of Vance ' s balance sheet as of December 31, 2015, what should be reported as total intangible assets?
21) Sealy Corporation had the following information in its financial statements for the years ended 2014 and 2015:
Cash dividends for the year 2015 $ 5,000 Net income for the year ended 2015 87,000 Market price of stock, 12 / 31 / 14 10 Market price of stock, 12 / 31 / 15 12 Common stockholders ' equity, 12 / 31 / 14 1,000,000 Common stockholders ' equity, 12 / 31 / 15 1,200,000 Outstanding shares, 12 / 31 / 15 100,000 Preferred dividends for the year ended 2015 10,000
What is the rate of return on common stock equity for Sealy Corporation for the year ended 2015?
22) An entry is not made on the