The Net Amount Shown on a Balance Sheet for an Intangible

question 63

Multiple Choice

The net amount shown on a balance sheet for an intangible asset with an unlimited life should be:

• A)the price for which it could be sold.
• B)its acquisition cost or current market value,whichever is lower.
• C)its purchase price minus accumulated amortization.
• D)its purchase price adjusted for inflation.

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Definitions:

Primary Researcher

The lead investigator responsible for the conception, design, execution, and interpretation of a research study.

Fundamental Ethical Principles

The basic moral guidelines that help direct individuals’ behaviors and decision-making in various situations.

Counseling Profession

A field of professional practice focused on providing guidance, support, and therapy to individuals or groups to promote mental health and well-being.

Ethical Dilemma

A situation in which a difficult choice must be made between two or more actions, where no option resolves the issue in an ethically satisfactory way.