Presented below is selected information related to Martin Burke Inc. at year-end. All these accounts have debit balances. Cable television franchises Film contract rights Music copyrights Customer lists Research and development costs Prepaid expenses Goodwill Covenants not to compete Cash Brand names Discount on notes payable Notes receivable Accounts receivable Investments in affiliated companies Property, plant, and equipment Organization costs Internet domain name Land InstructionsIdentify which items should be classified as an intangible asset. For those items not classified as an intangible asset, indicate where they would be reported in the financial statements.

Presented below is selected information related to Martin Burke Inc. at year-end. All these accounts have debit balances. Cable television franchises Film contract rights Music copyrights Customer...

Presented below is selected information related to Martin Burke Inc. at year-end. All these accounts have debit balances.

Cable television franchises	Film contract rights
Music copyrights	Customer lists
Research and development costs	Prepaid expenses
Goodwill	Covenants not to compete
Cash	Brand names
Discount on notes payable	Notes receivable
Accounts receivable	Investments in affiliated companies
Property, plant, and equipment	Organization costs
Internet domain name	Land

Instructions

Identify which items should be classified as an intangible asset. For those items not classified as an intangible asset, indicate where they would be reported in the financial statements.

Jun 10, 2022

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Presented below is selected information related to Martin Burke Inc. at year-end. All these accounts have debit balances. Cable television franchises Film contract rights Music copyrights Customer...

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