Which of the Following Is an Example of an Intangible

question 21

Multiple Choice

Which of the following is an example of an intangible asset?

• A)Brand names and trademarks
• B)Patents
• C)Customer relationships
• D)All of the above are intangible assets.

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Definitions:

Profitability

A measure of the efficiency and financial performance of a business, indicating its ability to generate income relative to revenue, assets, or equity.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control those policies.

Voting Shares

Shares that give the shareholder the right to vote on company matters at shareholder meetings.

ASPE

Accounting Standards for Private Enterprises, a set of accounting principles for private companies in Canada.