Which of the Following Is Not an Intangible Asset Arising

question 267

Multiple Choice

Which of the following is not an intangible asset arising from a government grant?

• A) Goodwill
• B) Patent
• C) Trademark
• D) Trade name

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Definitions:

Medicare

A federal health insurance program in the United States primarily for people aged 65 and over, as well as for some younger individuals with disabilities.

Budget Deficit

The situation when government expenditures exceed its revenues within a specific period.

Defense Spending

Governmental expenditure on military and defense activities, including salaries for military personnel, equipment, research, and development.

Government Spending

The total expenditure incurred by a government on goods, services, and public projects, utilized for economic management and social welfare.