Fabulous Creations the Assets Section of the Company's Balance Sheets for the for the Years

question 37

Essay

Fabulous Creations
The assets section of the company's balance sheets for the years ended December 31, 2020 and 2019, is provided below.
-Refer to Fabulous Creations. Which items on the company's balance sheet could be considered intangible assets? Explain the nature of each of these.

---

Definitions:

Standard Error

A measure of the dispersion or variation of sample means around the population mean.

Sample Correlation

A statistical measure that indicates the degree to which two variables change together, based on a sample of data, showing whether the relationship is positive, negative, or nonexistent.

Bootstrap

A statistical method involving resampling with replacement to estimate properties or accuracy of a model.

Standard Error

A statistical measure that quantifies the amount of variability or dispersion for a sample statistic from the population parameter.