The Exclusive Right to Sell a Computer Program Is Covered

question 186

Multiple Choice

The exclusive right to sell a computer program is covered by which intangible?

• A) Software
• B) Goodwill
• C) Customer list
• D) Trademark

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Definitions:

Gross Profit

The difference between revenue and the cost of goods sold, indicating the profitability of a company's core activities.

Revenue Test

An analysis or criterion used to determine whether a particular source of income qualifies as revenue for accounting or tax purposes.

Profit Or Loss Test

A financial metric used to determine if a business transaction resulted in making a profit or incurring a loss.

Operating Segment

A component of a business that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses related to transactions with other components of the same company.