An End Item Has No Parents

question 98

True/False

An end item has no parents.

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Definitions:

Goodwill

An intangible asset that represents the premium paid above the fair market value of the net identifiable assets of an acquired company.

Copyright

An exclusive right to publish and sell a literary, artistic, or musical composition.

Patent

A legal right granted by a government to an inventor to exclusively produce, use, and sell an invention for a specific number of years.

Amortized

Refers to the process of gradually paying off a debt or spreading out the cost of an intangible asset over its useful life.