Match the Intangible Assets Described with Their Proper Classification (A-D)

question 17

Multiple Choice

Match the intangible assets described with their proper classification (a-d) .
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-Nike swoosh

• A)Patent
• B)Copyright
• C)Trademark
• D)Goodwill

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Definitions:

Process Costing System

An accounting method used where production is continuous, assigning costs to units of product based on the processes they undergo.

Weighted-Average Method

An inventory costing method that calculates the cost of ending inventory and cost of goods sold based on the average cost of all similar items in the inventory.

Process Costing System

An accounting method used where goods are produced in a continuous process, costs are averaged over the units produced to determine per unit cost.

Dust Density Sensors

Devices used to measure the concentration of particulate matter in the air for environmental monitoring or industrial processes.