An Intangible Asset

question 34

Multiple Choice

An intangible asset

• A) derives its value from the rights and privileges it provides the company.
• B) is worthless because it has no physical substance.
• C) is converted into a tangible asset during the year.
• D) cannot be classified on the statement of financial position because it lacks physical substance.

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Definitions:

NADH

NADH denotes Nicotinamide Adenine Dinucleotide (reduced form), a coenzyme that plays a critical role in the production of energy through the process of cellular respiration.

Pyruvate

A key intermediary in the metabolic pathway of glycolysis, which can be further converted into energy through the Krebs cycle or fermented into lactate.

Citric Acid Cycle

A key metabolic pathway that generates energy through the oxidation of acetate derived from carbohydrates, fats, and proteins into carbon dioxide and captures the released energy in the form of ATP.

Oxaloacetic Acid

A four-carbon molecule that plays a crucial role in both the Krebs cycle and gluconeogenesis, acting as a substrate for the generation of various intermediates.