Justification for Having Both Intangible Assets and Other Assets Listed

question 28

Multiple Choice

Justification for having both intangible assets and other assets listed on a balance sheet include that

• A) intangible assets have no physical existence and other assets are deferred charges
• B) having more items listed on the balance sheet improves the users' understanding of the company
• C) the intangible assets are more important than the tangible assets
• D) the other asset classification is important because goodwill cannot be amortized, so it needs to be recorded on the balance sheet

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Definitions:

Public Health Regulations

Laws and policies designed to protect and improve the health of the public, including sanitation, vaccination, and disease control measures.

Refuse Removal

The collection, transportation, and disposal or management of waste materials.

Air And Water Pollution

The contamination of the planet's air and water bodies with harmful or poisonous substances, leading to adverse effects on the environment and human health.

Urban Political Bosses

Influential leaders who control a political machine in a city, often using patronage and sometimes corrupt practices to maintain power and control over urban politics.