The general ledger of Carla Vista Corporation as of December 31, 2021, includes the following...
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Accounting
The general ledger of Carla Vista Corporation as of December 31, 2021, includes the following accounts:
| Copyrights | $ 57000 |
| Deposits with advertising agency (will be used to promote goodwill) | 34000 |
| Discount on bonds payable | 77000 |
| Excess of cost over fair value of identifiable net assets of | |
| Acquired subsidiary | 550000 |
| Trademarks | 70000 |
In the preparation of Carla Vista's balance sheet as of December 31, 2021, what should be reported as total intangible assets?
$620000.
$711000.
$677000.
$654000.
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