Match the Intangible Assets Described with Their Proper Classification (A-D)

question 17

Multiple Choice

Match the intangible assets described with their proper classification (a-d) .
​
-Nike swoosh

• A)Patent
• B)Copyright
• C)Trademark
• D)Goodwill

---

Definitions:

Net Method

A method of recording purchases or invoices at their net price after deducting any purchase discounts.

Invoice Paid

A document or notation indicating that payment has been made for a particular invoice, clearing the amount owed.

Periodic Inventory Method

A method of inventory valuation where the cost of goods sold is determined at the end of an accounting period based on a physical count.

Voucher System

A control mechanism in accounting that uses vouchers to record transactions and ensure that every payment is properly authorized.