Question

     (11)   Which of the following is true regarding the type of intangible item that may...

     (11)   Which of the following is true regarding the type of intangible item that may constitute an asset?

           (a) A company name is a type of intangible item that may constitute an asset, but goodwill and a company
                 logo are not.

           (b) Goodwill, a company name, and a company logo all constitute types of intangible items that may
                  constitute assets.

           (c) Goodwill is a type of intangible item that may constitute an asset, but a company name and a company
                  logo are not.

           (d) Goodwill and a company name are types of intangible items that may constitute assets, but a company
                  logo is not.

           (e) A company name and a company logo are types of intangible items that may constitute assets, but
                  goodwill is not.

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Answer #1

a Internally developed intangible assets do not appear on a companys balance sheet. Hence company name 10 and company logo d

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