Intangible Assets

question 47

Multiple Choice

Intangible assets

• A) should be reported under the heading Property Plant and Equipment.
• B) are not reported on the balance sheet because they lack physical substance.
• C) should be reported as Current Assets on the balance sheet.
• D) should be reported as a separate classification on the balance sheet.

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Definitions:

Behavior

Behavior refers to the actions or reactions of organisms or systems, usually in response to external stimuli, within their environment.

Increase

A rise in the amount, number, or degree of something.

Punishment

A process by which a consequence immediately follows a behavior which decreases the future likelihood of that behavior occurring.

Effectiveness

The degree to which something is successful in producing a desired result; the ability of a thing or action to achieve its intended outcome.