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