Which of the Following Relationships Between Category of Intangibles and Amortization

question 71

Multiple Choice

Which of the following relationships between category of intangibles and amortization is not true? $\begin{array}{lll}&\text { Category }&\text { Amortize }\\\text { I. } & \text { Intangible assetswith a finite life } & \text { Yes } \\\text { II. } & \text { Intangible assetswith an indefinite life } & \text { No } \\\text { III. } & \text { Goodwill } & \text { Yes } \\\text { IV. } & \text { Internally developed unidentifiable intangibles } & \text { No }\end{array}$

• A)I
• B)II
• C)III
• D)IV

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Definitions:

Net Cash

The amount of cash that is available after all debts, expenses, and other financial obligations have been paid, indicating liquidity.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, generally reflected in the cash flow statement as part of a company's financial activities.

Net Cash

The amount of cash available after accounting for cash inflows and outflows in a given period.

Financing Activities

Involves activities that result in changes in the size and composition of the equity capital and borrowings of the entity.