Which Statement Is Correct About Indefinite Lived Intangible Assets

question 4

Multiple Choice

Which statement is correct about indefinite lived intangible assets?

• A)This is an infinite lived asset.
• B)The asset is expected to continue providing economic benefits for the foreseeable future.
• C)Management does not know how long the asset is expected to provide economic benefits.
• D)The asset has fixed and determinable cash flows.

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Definitions:

Economic Environment

The Economic Environment consists of all external economic factors, such as inflation, unemployment, and economic policies, that influence a business's operating conditions and financial performance.

Operating Profit

This is the profit earned from a firm's core business operations, excluding deductions of interest and taxes.

Segment C

Segment C generally refers to a specific division, category, or portion of a business or market that has been identified for analysis, reporting, or targeting purposes.