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
Montano1993 [528]
3 years ago
11

Which of the following characteristics describe intangible assets? (You may select more than one answer. Single click the box wi

th the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Business
1 answer:
zimovet [89]3 years ago
5 0

Answer: An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible

1. They lack physical existence.

2. They provide long-term benefits.

3. They are classified as long-term assets.

Explanation:

Examples of intangible assets include goodwill, brand recognition, copyrights, patents, trademarks, trade names, and customer lists. You can divide intangible assets into two categories: intellectual property and goodwill. Intellectual property is something that you create with your mind, such as a design.

You might be interested in
Suppose the government of Spartania increased its spending by $900 million to fight a recession. If the government’s budget was
Nina [5.8K]

Answer:

b. the government will have a balanced budget

3 0
3 years ago
Beaver Corporation reported taxable income of $500,000 from operations this year. During the year, the company made a distributi
loris [4]

Answer:

Beaver's total taxable income and federal income text paid as result of distribution is $500,000 and $105,000 respectively.

Explanation:

The computation of the taxable income and the federal income is shown below:

Taxable income = Taxable income + loss

                           = $500,000 + $0

                           = $500,000

Since the fair value is $20,000 is less than the mortgage on land i.e $25,000 so it would be a loss of $5,000 which would not be considered so we put the value zero.

And, the federal income equal to

= Taxable income × income tax rate

= $500,000 × 21%

= $105,000

4 0
3 years ago
Describe five ways in which Consumers can have an impact on the environment?<br>​
atroni [7]

Answer:

When They makes their customers feel happy about their prices of their products

When they always makes sure they have all the products customers want and with suitable prices

5 0
2 years ago
The following selected transactions apply to Topeca Supply for November and December Year 1. November was the first month of ope
vitfil [10]

Answer:

Note: See attached excel file for the record of the effect of the given transactions in a horizontal statements model.

In the attached excel file, we have:

Assets = Liabilities + Stockholders' Equity = $152,155

Explanation:

In the attached excel file, we have:

Sales tax payable on sales for November Year 1 = $65,500 * 9% = $5,895

Sales tax payable on sales for December Year 1 = $79,500 * 9% = $7,155

Assets = $152,155

Liabilities + Stockholders' Equity = $7,155 + $145,000 = $152,155

Therefore, the accounting equation is proved as follows:

Assets = Liabilities + Stockholders' Equity = $152,155

Download xlsx
6 0
2 years ago
Rock industries allocates manufacturing overhead based on direct labor cost. any overallocated or underallocated overhead is clo
Butoxors [25]

Answer:

Note: The full question is attached as picture below

Overhead Cost of one Month = Total Overhead Cost  / 12 Month

Overhead Cost of one Month = $403,200 / 12 month

Overhead Cost of one Month = $33,600

So, Overhead Chargeable Per Month is $33,600

PARTICULARS                                      AMOUNT

Direct Materials                                     $26,000

Direct Labor                                           $21,000

Manufacturing overhead Applied        <u>$33,600</u>

Total Manufacturing Expenses           $80,600

Less: Job Work in Process      

Direct Materials                                       $3,000

Direct Labor                                             $1,500

Cost of Goods Sold before proration  $76,100

of over or under allocated overhead

6 0
2 years ago
Other questions:
  • In a fractional-reserve banking system, an increase in reserve requirements__________.
    11·1 answer
  • What document is used to make adjustments to an existing sales contract?
    10·1 answer
  • Accountants truly represent the financial managers of a business. <br> a. True <br> b. False
    7·1 answer
  • Suppose Best Buy is the only electronics store in a particular​ market, but RadioShack is thinking about entering the market. Be
    14·1 answer
  • In which step of the production process are
    9·1 answer
  • Jackson Corporation owns 10% of the voting stock of Kettering Company and has been reporting it as an equity investment with no
    8·1 answer
  • Which of the following was a free market philosopher?
    6·1 answer
  • Compare and contrast the three most common types of healthcare indemnity plans.
    12·1 answer
  • Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct l
    10·1 answer
  • Marketers who start with the price demanded by consumers and then create offerings to meet the price are utilizing which pricing
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!