How Should Intangible Assets Be Disclosed on the Balance Sheet

question 169

Multiple Choice

How should intangible assets be disclosed on the balance sheet?

• A) as a reduction shareholders' equity
• B) at cost in the current assets section
• C) at the estimated market value at the balance sheet date
• D) as the net of the costs already amortized

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Definitions:

Price Elasticity

The responsiveness of the quantity demanded of a good to a change in its price.

Midpoint Formula

A method used in economics and mathematics to calculate the average rate of change or percentage change between two points on a line or curve.

Supply Elasticity

Measures the responsiveness of quantity supplied to a change in the price of a good or service.

Total Revenue

The overall amount of money generated by a firm from its sales activities before any costs or expenses are subtracted.