According to FASB Statement 141R,which One of the Following Items

question 12

Multiple Choice

According to FASB Statement 141R,which one of the following items may not be accounted for as an intangible asset apart from goodwill?

• A)A production backlog
• B)A valuable employee workforce
• C)Noncontractual customer relationships
• D)Employment contracts

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Definitions:

Restrictive Indorsement

An indorsement in which words have been added to the signature of the indorser that specify the purpose of the indorsement or the use to be made of the commercial paper, such as “for deposit only.”

Dishonored

Refers to a failure in fulfilling an obligation, such as a check not being paid because of insufficient funds.

Draft

A preliminary version of a document or plan, subject to revisions and improvements.

Blank Indorsement

An indorsement made by a signature alone, with no particular indorsee, written on a negotiable instrument.