The Term "Intangible Assets" Is Used in Accounting to Denote

question 29

Multiple Choice

The term "intangible assets" is used in accounting to denote

• A) current or noncurrent property items without physical characteristics.
• B) assets with lesser economic significance because of the nature of such assets.
• C) such items as patents,copyrights,and claims against customers which can be valued on a monetary basis.
• D) properties without physical characteristics that have long-term effects on a business enterprise.

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Definitions:

Reverse Stock Split

A reverse stock split is a consolidation of shares that decreases the total number of outstanding shares and increases the share price proportionately.

Market Value

The existing price for buying or selling an asset or service in the marketplace.

Retained Earnings

The portion of a company's profits that are kept and not paid out as dividends to shareholders, often reinvested into the business.

Special Dividend

A one-time distribution of earnings to shareholders, outside of the regular dividend schedule.