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Explain the term "Sandwich Generation."
Prepaid Expenses
Expenses paid in advance for goods or services to be received in the future, which are recorded as assets on a balance sheet until they are realized.
Internally-Developed Intangible Assets
Non-physical assets created within a company, such as software, patents, or trademarks, which provide long-term value.
Trademarks
Legal designations and symbols that represent a company or product, providing exclusivity and protection against misuse.
Copyrights
Legal protections granted to the creators of original works, preventing others from copying or distributing their work without permission.
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