Correct answer----------Copyright
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Copyright is an intangible asset. All other options such as land, Building and Equipment are tangible assets.
Which of the following accounts would not be considered a tangible asset? O Land O Copyright...
Which of the following is an intangible asset? O A. building B. land OC. copyright D. equipment
Which of the following would NOT be considered a fixed asset? O A. Copper O B. Equipment OC. Vehicle OD. Land
Which of the following would be considered an asset? O A. External stock portfolio O B. Cash in the bank O C. Property, plant, and equipment O D. All of the above OE. Only A & B Which of the following would be considered a liability? O A. Prepaid insurance OB, Wages payable O C. Interest expense O D. All of the above O E. Only B&C
Which of the following would not be considered an intangible asset? goodwill patent copyright inventory Which of the following statements about capitalizing costs is correct? Capitalizing costs refers to the process of converting assets to expenses. Only the purchase price of the asset is capitalized. Capitalizing a cost means to record it as an asset. Capitalizing costs results in an immediate decrease in net income. If a company capitalizes costs that should be expensed, how is its income statement for...
1. Which of the following is not an intangible asset? Select one: a. Copyright b. Long-term receivable c. Trademark d. Goodwill 2. Accounts receivable would appear on the balance sheet as a(n): Select one: a. liability. b. fixed asset. c. unearned revenue. d. asset.
15 Which of the following is considered an asset? A] Sales B] Accounts Receivable C Common Stock DI Accounts Payable [6 The first financial statement that is prepared is the: [A] Statement of Cash Flows. B Statement of Retained Earnings [C] Balance Sheet. D] Income Statement. 17] A type of asset in which a customer owes the company money would be a: [A] receivable. [B] payable. [C] sale. D] dividend 81 A T-account has a $698 credit balance. This account...
4) Tucker, Inc., has the following plant asset accounts: Land, Buildings, and Equipment, with a separate accumulated depreciation account for each of these except Land. Tucker completed the following transactions: Jan 3 Traded in equipment with accumulated depreciation of $61,000 (cost of $131,000) for similar new equipment with a cash cost of $177,000. Received a trade-in allowance of $76,000 on the old equipment and paid $101,000 in cash, Jun 30 Sold a building that had a cost of $640,000 and...
Allocating payments and receipts to fixed asset accounts The following payments and receipts are related to land, land improvements, and buildings acquired for use in a wholesale ceramic business. The receipts are identified by an asterisk. $2,000 a. Fee paid to attorney for title search b. Cost of real estate acquired as a plant site: Land 285,000 Building (to be 60,000 demolished) Delinquent real estate taxes on property, assumed by purchaser 16,000 C. d. Cost of razing and removing building...
Which of the following would be a long term asset account? Revenues Land Common Stock
Which one of the following is an intangible fixed asset? Account receivable Building Copyright Inventory Machinery