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:

Balance Sheet

A financial statement that summarizes a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.

Sales On Account

Transactions where goods or services are sold but payment is deferred to a future date, typically recorded as accounts receivable.

Cost Of Goods Sold

Costs directly related to creating products for sale by a company, encompassing expenditures for labor and materials.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.