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

question 53

Multiple Choice

Which of the following intangible assets should be recognised in the balance sheet?

• A) Internally generated goodwill in excess of recoverable amount.
• B) Licenses with active market.
• C) Purchased trademark.
• D) All of the given answers.
• E) Licenses with active market and purchased trademark.

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Definitions:

US$

The United States dollar, the official currency of the United States of America.

Euro

The official currency of the eurozone, represented by the symbol € and used by 19 of the 27 European Union countries.

Lowest Terms

The simplest form of a fraction, where the numerator and denominator are reduced to the smallest possible numbers.

Express

Refers to a service or method that is designed to be faster or more efficient than standard options.