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Xylem Technologies purchased a trademark from Phloem Semiconductor for $5 million. How should this new...

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Accounting

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Xylem Technologies purchased a trademark from Phloem Semiconductor for $5 million. How should this new purchase be classified on the balance sheet for Xylem? A non-current intangible liability A non-current intangible asset A current intangible asset O It should not be recognized as the trademark has no tangible value

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