1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
e-lub [12.9K]
3 years ago
14

Under current accounting practice, intangible assets are classified as specifically identifiable or goodwill-type. limited-life

or indefinite-life. amortizable or unamortizable. legally restricted or goodwill-type.
Business
1 answer:
MArishka [77]3 years ago
4 0

Correct Question: Under current accounting practice, intangible assets are classified as

a. amortizable or unamortizable.

b. limited-life or indefinite-life.

c. specifically identifiable or goodwill-type.

d. legally restricted or goodwill-type.

Answer:

B, limited-life or indefinite-life

Explanation:

By defiinition, Intangible assests are assests that cannot be physically felt. it can also be said to be assets that are non physical in nature. This kind of assets include goodwill, image rights,brand recognition, copyrights, etc.

All of the above examples of assets are deemed intangible because they have no exact expiry or end date. It can either last for a long time or a short time. Assets like reputation are classified as intangible because it cant be felt and it doesnt have an exact end date. It is therefore a kind of asset that has limited-life or indefinite-life.

Cheers.

You might be interested in
5. Now create your production possibilities curve, based on the information in the table you just filled out. Use the chart show
Vedmedyk [2.9K]

Two units—blankets and socks—are depicted in the production possibilities curve model. However, in relation to another illustration, coffee and sugar.

What is  production possibilities curve?

A production possibility curve essentially depicts two items graphically. The "production possibility frontier" is another name for PPC.

Underutilization of resources and technology is demonstrated by the production possibilities curve model. One unit is added while another is sacrificed on the production possibilities curve. Levels are displayed at various places.

The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction. The downward slope of the concave shaped.

As a result, production possibility curve model is two different commodities such as sugar and coffee.

Learn more about on production possibility curve, here:

brainly.com/question/15179228

#SPJ1

7 0
1 year ago
Presented below are three revenue recognition situations. (a) Groupo sells goods to MTN for $901,000, payment due at delivery. (
LekaFEV [45]

Answer:

Groupo

Transaction Price                 When Revenue should be recognized

a. $901,000                          the delivery date

b. $879,000                          the sales date

c. $443,000                          the sales date

c. $37,000                            in the period interest is earned.

Explanation:

1) Data and Analysis:

a. Delivery date: Cash $901,000 Sales Revenue (MTN) $901,000

b. Sales date: Accounts receivable (Grifols) $879,000 Sales Revenue $879,000

c. Sales date: Accounts receivable (Magnus) $480,000 Sales Revenue $443,000 Deferred Interest Revenue $37,000

2) According to the IFRS 15 and ASC 606, Revenue from Contracts with Customers, revenue should be recognized when performance obligations have been met.

8 0
3 years ago
Disputants Martin and Daulton have hired Thurman to mediate their disagreement. Although Martin and Daulton must accept whatever
vekshin1

Answer:

The correct answer is False.

Explanation:

Mediation is an alternative method of resolving conflicts, which has the intrinsic purpose of reaching the integral solution of a conflict between parties (they can be two or more people), thus avoiding reaching the judicial instance. The guiding principles that guide and implement mediation are: confidentiality, voluntariness, orality between the parties and full communication between them, the impartiality of the intervening mediator and the neutrality of the mediator regarding the matter brought into question.

It is based on democracy, social pacification, individual and social dialogue, respect, and consensus for coexistence. It consists of the intervention of a third party in a conflict, the mediator, in order to facilitate the rapprochement of the opposing parties and promote a negotiation process that allows reaching an agreement agreed and accepted by the parties that ends the conflict.

7 0
3 years ago
Which of the following statements represent the appropriate directional relationships between the concepts of inherent risk, con
luda_lava [24]

Answer:

b. As inherent risk goes up, audit risk goes down.

Explanation:

Inherent risk is the risk which is present before applying any control, and audit risk is the that the auditor expresses inappropiate audit opinion when the financial statements are materialy misstated.

Thus, when the inherent risk is <em>high</em>, the auditor keeps the audit risk at <em>low </em>level to perform more subtantative procedures.

8 0
2 years ago
A reduction in the saving rate starting from a steady state with more capital than the golden rule causes investment to?
Studentka2010 [4]

Starting from a steady state with greater capital than the Golden Rule, a decrease in the saving rate results in a decline in investment.

<h3>What is the definition of the golden rule?</h3>

The Golden Rule instructs people to make decisions for others based on their own personal preferences. Putting yourself in another person's shoes or "doing unto others as you would have them do unto you" are two common definitions of the Golden Rule (Baumrin 2004).

The golden rule would advise us to release someone who has been convicted of a crime and given a prison sentence, for instance, because we would not want to go to prison ourselves. This holds true even if we use the platinum rule because it's likely that the prisoner would choose to stay out of jail or prison.

To learn more about Golden Rule, refer to:

brainly.com/question/16313509

#SPJ4

8 0
2 years ago
Other questions:
  • A candy manufacturer is interested in the distribution of colors in each of its packages of candy sold. What should the research
    11·1 answer
  • A machine to manufacture fasteners has a setup cost of $1,100 and a unit cost of $0.006 for each fastener manufactured. A newer
    7·1 answer
  • In a limited liability partnership (LLP)
    9·1 answer
  • The selling price of a television is​ $1,000 and the cost to the retailer is​ $725. what is the​ retailer's gross profit from th
    5·1 answer
  • In July 2009, Hungary successfully issued 1 billion euros in bonds. The transaction was managed by Citigroup. Who is the issuer
    15·1 answer
  • Audrey travels for business three to four days a week and is not always near power outlets. She needs a solution for when her la
    10·1 answer
  • Russnak Corporation is investigating automating a process by purchasing a new machine for $505,000 that would have a 10 year use
    7·1 answer
  • Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.10 per hour for the labor rate. During October,
    12·1 answer
  • Lindsay took out a(n) to purchase her new home. she used in the form of the property to back the loan. lindsay also paid money i
    10·1 answer
  • Arded
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!