As Defined by IAS 38,how Are Intangible Assets Unlike Other

question 12

Multiple Choice

As defined by IAS 38,how are intangible assets unlike other assets?

• A)They must have arisen from past events.
• B)Their value cannot be reasonably measured.
• C)They must be controlled by the enterprise.
• D)They are non-monetary and lack physical substance.

Realize the significance of involving necessary stakeholders in the decision-making process.

Learn about the three-component model of creativity in organizations.

Understand the concept of opportunity cost and how it can be visualized on a production possibilities frontier (PPF).

Recognize the roles of economists as scientists and policy advisers.

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Definitions:

Floating Lien

A provision, placed by the creditor, in a security agreement that a security interest of the creditor also applies to goods the debtor acquires at a later time.

Inventory

Goods held for sale or lease, or raw materials used or consumed in a business.

Graduated-Payment Mortgage

A mortgage that has a fixed interest rate during the life of the mortgage; however, the monthly payments made by the mortgagor increase over the term of the loan.

Variable Interest

An interest rate on a loan or security that can change over time based on the underlying benchmark interest rates.