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