Which of the Following Is Not a Required Disclosure Regarding

question 3

Multiple Choice

Which of the following is not a required disclosure regarding intangible assets in the period a company acquires intangible assets?

• A)the cost of any intangible assets acquired, separated into assets subject to amortization, assets not subject to amortization, and goodwill
• B)for assets subject to amortization, the residual value and the weighted-average amortization period
• C)the cost of any research and development acquired and written off, and where it is included in the income statement
• D)the rate of return used to estimate the value of goodwill purchased

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Definitions:

Sporting Goods

Items and equipment used for athletic or recreational activities.

Combining Like Terms

The process of adding or subtracting algebraic terms that have the same variable components.

Parentheses

Symbols used in mathematics to group expressions and influence the order of operations.

Algebraic Expression

An expression that contains variables, numbers, and operations.