Which of the Following Items Is Not Considered an Asset

question 36

Multiple Choice

Which of the following items is not considered an asset?

• A) patents
• B) research expenses of an R&D project
• C) equipment under lease where the risks and rewards flows into the entity
• D) research expenses of an R&D project and equipment under lease where the risks and rewards flows into the entity

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Definitions:

Cognitive

Related to mental processes involved in knowledge, understanding, thought, and perception.

Mental Processes

The internal, covert activities of our minds, such as thinking, feeling, and reasoning, that play a significant role in behavior.

Construal

An individual's perception, comprehension, and interpretation of the world around them.

Psychoanalytic

Psychoanalytic theory is a set of psychological and therapeutic theories and techniques, which, originating from the work of Sigmund Freud, emphasizes unconscious motivations and conflicts as determinants of human behavior.