Which of the Following Is Not a Required Disclosure Regarding

question 3

Multiple Choice

Which of the following is not a required disclosure regarding intangible assets in the period a company acquires intangible assets?

• A)the cost of any intangible assets acquired, separated into assets subject to amortization, assets not subject to amortization, and goodwill
• B)for assets subject to amortization, the residual value and the weighted-average amortization period
• C)the cost of any research and development acquired and written off, and where it is included in the income statement
• D)the rate of return used to estimate the value of goodwill purchased

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Definitions:

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An eating disorder marked by binge eating followed by purging, aimed at influencing body weight or shape.

Agreed-on Procedures

A service where an accountant performs specific tests and procedures on financial data as agreed upon with a client and third parties, reporting factual findings without assurance or opinion.

Depressant Drugs

Substances that slow down the nervous system’s activity, often used medicinally to relieve anxiety, tension, and sleep disorders, but can also lead to addiction.

Visual-spatial Ability

The aptitude for grasping, reasoning with, and memorizing how objects or spaces relate to each other spatially.