Which of the Following Is True Regarding the Type of Intangible

question 27

Multiple Choice

Which of the following is true regarding the type of intangible item that may constitute an asset?

• A) Goodwill, a company name, and a company logo all constitute types of intangible items that may constitute assets.
• B) Goodwill and a company name are types of intangible items that may constitute assets, but a company logo is not.
• C) Goodwill is a type of intangible item that may constitute an asset, but a company name and a company logo are not.
• D) A company name is a type of intangible item that may constitute an asset, but goodwill and a company logo are not.
• E) A company name and a company logo are types of intangible items that may constitute assets, but goodwill is not.

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Definitions:

Interest

The cost of borrowing money or the payment received for the investment of money, typically expressed as a percentage of the principal.

Maturity Value

Maturity Value is the amount payable to an investor at the maturity date of a financial instrument, typically including the principal and the interest.

Note Receivable

A written promise to pay a specified amount, usually interest-bearing, that is recognized as an asset on the lender's balance sheet.

Promissory Notes

Written promises to pay a specified sum of money to a certain person or entity at a defined time or on demand.