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Concord Corporation has the following accounts included in its December 31, 2017, trial balance: Equity...

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Accounting

Concord Corporation has the following accounts included in its December 31, 2017, trial balance: Equity Investments (to be sold in the next 6 months) $27,400, Goodwill $155,800, Prepaid Insurance $12,200, Patents $224,400, and Franchises $119,200. Prepare the intangible assets section of the balance sheet.

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