Rosalie Corporation Is Located in London but Does Business Throughout

Multiple Choice

Rosalie Corporation is located in London but does business throughout Europe.The company builds and sells equipment used in manufacturing pharmaceuticals.On December 31, 2011, Rosalie has trading securities valued at £42,000; goodwill valued at £300,000; prepaid insurance valued at £24,000; patents valued at £140,000; and a customer list valued at £260,000.On Rosalie Corporation's statement of financial position at December 31, 2011, what amount should be reported as intangible assets?

A) £742,000
B) £766,000
C) £700,000
D) £440,000