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All assets whether tangible or intangible are reported on balance sheet as current assets or long term or fixed assets like goodwill, patent etc.
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∙ 10y ago
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How do you record goodwill on a balance sheet?
intangible asset
Where do you place franchise in a classified balance sheet?
intangible asset
What is classified as an intangible asset on the balance sheet?
goodwill
Are Intangible assets reported in balance sheets?
Yes, All intangible as well as tangible assets are shown in balance sheet of business.
Prepaid advertising would be reported on the balance sheet as a?
An asset
What part of balance sheet the amortization?
Amortization is shown as deduction from intangible asset like depreciation is shown as deduction from tangible asset.
Is the depreciation expense reported on the balance sheet as an addition to a related asset?
True [Jabirshah] Depreciation is shown in balance sheet as a reduction from the actual cost of the assets in the balance sheet rather addition to related asset.
Merchandise inventory is reported as a long-term asset on the balance sheet?
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Where is inventory is reported in financial statement?
Value of Inventory is an asset on the balance sheet.
Are Depreciation Expenses reported on the balance sheet as an addition to the related asset?
Depreciation or accumulated depreciation is deducted from related assets in balance sheet to show the net book value of asset.
Where is foreign currency translations reported?
These are reported in the company's balance sheet, and are listed under "ASSETS -> Non-Current Assets -> Intangible Assets".
Accumulated Depreciation is reported on the income sheet?
no. accumulated depreciation goes under non current asset on the Balance sheet
