Which of the Following Groups Would Be Classified as Intangible

question 16

Multiple Choice

Which of the following groups would be classified as intangible assets for financial accounting and reporting purposes?

• A)long-term notes receivable, copyrights, goodwill, and trademarks
• B)patents, computer software costs, franchises, and trademarks
• C)computer software costs, research and development costs for internally developed patents, patents, and goodwill
• D)organization costs, goodwill, costs of employee training programs, and trademarks

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Definitions:

Salem, Massachusetts

A city on the northeastern coast of Massachusetts famous for its 1692 witch trials, in which several locals were executed for allegedly practicing witchcraft.

Women

Adult human females, often highlighted in various contexts for their experiences, contributions, and challenges in society across different cultures and eras.

Tobacco Planters

Individuals or entities engaged in the cultivation of tobacco as a crop, historically significant in the economic development of certain regions, particularly in the American South.

African Slaves

Individuals of African descent who were forcibly brought to the Americas and subjected to lifetime servitude until the 19th century.