Which of the Following Intangible Assets Should Be Recognised in the Statement

question 42

Multiple Choice

Which of the following intangible assets should be recognised in the statement of financial position?

• A) internally generated goodwill in excess of recoverable amount
• B) licences with active market
• C) purchased trademark
• D) licences with active market and purchased trademark

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Definitions:

Predicate Terms

Words or phrases in a sentence that describe the action or state of the subject.

Difficult Days

Times or periods characterized by challenges, hardships, or obstacles that are hard to overcome.

Easy

Not difficult to accomplish, achieve, or understand.

Nutritious Foods

Foods that provide a high amount of essential nutrients, including vitamins, minerals, and proteins, contributing to a healthy diet.