Copyrights are considered: Select one: a. Tangible assets b. Goodwill c. Intangible assets d. Current assets
Copyrights are considered:
Select one:
a. Tangible assets
b. Goodwill
c. Intangible assets
d. Current assets
Homework Answers
Tangible assets are included property, plant and equipment, furniture etc
Current assets include cash,account receivable, supplies, inventory and prepaid expense
But copyright is not tangible or current assets it is intangible assets
So answer is c) Tangible assets
Add Answer to:
Copyrights are considered:
Select one:
a. Tangible assets
b. Goodwill
c. Intangible assets
d. Current assets
11. Which of the following are not intangible assets a. Patents b. Copyrights c. Trademarks d....
11. Which of the following are not intangible assets a. Patents b. Copyrights c. Trademarks d. Contracts e. None of the above f. All of the above 12. Which of the following are not considered as PPE a. Undeveloped land b. .. c. .. d. Warehouse e. None of the above f. All of the above 13. Which of the following financial ratios is considered as efficiency a. ROS b. ROA c. ROE d. EPS e. None of the above...
Patents and copyrights are current assets. property, plant, and equipment. intangible assets.
Patents and copyrights are current assets. property, plant, and equipment. intangible assets.
(At December 31) 2019 2018 2017 Current assets Tangible fixed assets Intangible assets. Total assets.... $285,000...
(At December 31) 2019 2018 2017 Current assets Tangible fixed assets Intangible assets. Total assets.... $285,000 662,500 40,000 $987,500 $277,500 575,000 45,000 $897,500 $207,000 563,000 50,000 $820,000 Current liabilities.. Noncurrent liabilities. Common stock. Additional paid-in capital. Retained earnings Stockholders' equity Total liabilities and equity $120,000 266,250 100,000 100,000 400,000 600,000 $986,250 $110,000 242,500 100,000 100,000 345,000 545,000 $897,500 $100,000 220,000 100,000 100,000 300,000 500,000 $820,000 2019 2018 2017 (For the years ended December 31) Revenues Expenses .. Net income $970,000...
The classification of intangible assets includes goodwill. Current FASB practice states that goodwill cannot be created,...
The classification of intangible assets includes goodwill. Current FASB practice states that goodwill cannot be created, added to, or depreciated or amortized. Some companies have increased their value or have a significant portion of their assets tied up in goodwill. How appropriate is it for the FASB to take the position it has?
Problem 9-10A a-c (Part Level Submission) The intangible assets and goodwill reported by Blossom Corporation at...
Problem 9-10A a-c (Part Level Submission) The intangible assets and goodwill reported by Blossom Corporation at December 31, 2017, follow: Copyrights Less: Accumulated amortization $37,500 18,750 Trademarks $ 18,750 57,280 135,630 $211,660 Goodwill Total A copyright (#1) was acquired on January 1, 2016, and has a useful life of four years. The trademarks were acquired on January 1, 2014, and are expected to have an indefinite life. The company has a December 31 year end and prepares adjusting journal entries...
Long-term assets can be: Select one: a. Debited or credited at the point of purchase b....
Long-term assets can be: Select one: a. Debited or credited at the point of purchase b. Assets or liabilities c. Composed of property, plant, or equipment only d. Tangible or intangible
*Problem 9-10A a-c (Part Level Submission) The intangible assets and goodwill reported by Blossom Corporation at...
*Problem 9-10A a-c (Part Level Submission) The intangible assets and goodwill reported by Blossom Corporation at December 31, 2017, follow: $37,500 18,750 Copyrights Less: Accumulated amortization Trademarks Goodwill $ 18,750 57,280 135,630 $211,660 Total A copyright (#1) was acquired on January 1, 2016, and has a useful life of four years. The trademarks were acquired on January 1, 2014, and are expected to have an indefinite life. The company has a December 31 year end and prepares adjusting journal entries...
1.) Briefly describe each type of intangible asset: goodwill, patents, trademarks, franchises, copyrights, and research...
1.) Briefly describe each type of intangible asset: goodwill, patents, trademarks, franchises, copyrights, and research and development. 2.) Provide at least one defining characteristic of each. 3.) Explain the type of write-off to expense cost. Include a slide with references. (Meant to be a power point, but i can take care of that part, just need help with tje information!)
Pls help me out :) Problem 9-10A a-c (Part Level Submission) The intangible assets and goodwill...
Pls help me out :)
Problem 9-10A a-c (Part Level Submission) The intangible assets and goodwill reported by Pharoah Corporation at December 31, 2017, follow: Copyrights LEss: Accumulated amortizat ion $32,700 16,350 16,350 Trademarks 49.800 Goodwill 126,870 Total $193,020 A capyright (#1) was acquired on January 1, 2016, and has a uscful life of four years. The trademarks were acquired on January 1, 2014, and are expacted to have an indefinite life. The company has a Decoember 31 year end...
22) Plant assets are defined as: A) Held for sale. B) Tangible assets used in the...
22) Plant assets are defined as: A) Held for sale. B) Tangible assets used in the operation of business that have a useful life of less than one accounting period. C) Current assets. D) Tangible assets that have a useful life of more than one accounting period and are used in the operation of a business. E) Intangible assets used in the operations of a business that have a useful life of more than one accounting period. 23) Salvage value...
(At December 31) 2019 2018 2017 Current assets Tangible fixed assets Intangible assets. Total assets.... $285,000 662,500 40,000 $987,500 $277,500 575,000 45,000 $897,500 $207,000 563,000 50,000 $820,000 Current liabilities.. Noncurrent liabilities. Common stock. Additional paid-in capital. Retained earnings Stockholders' equity Total liabilities and equity $120,000 266,250 100,000 100,000 400,000 600,000 $986,250 $110,000 242,500 100,000 100,000 345,000 545,000 $897,500 $100,000 220,000 100,000 100,000 300,000 500,000 $820,000 2019 2018 2017 (For the years ended December 31) Revenues Expenses .. Net income $970,000...
Problem 9-10A a-c (Part Level Submission) The intangible assets and goodwill reported by Blossom Corporation at December 31, 2017, follow: Copyrights Less: Accumulated amortization $37,500 18,750 Trademarks $ 18,750 57,280 135,630 $211,660 Goodwill Total A copyright (#1) was acquired on January 1, 2016, and has a useful life of four years. The trademarks were acquired on January 1, 2014, and are expected to have an indefinite life. The company has a December 31 year end and prepares adjusting journal entries...
*Problem 9-10A a-c (Part Level Submission) The intangible assets and goodwill reported by Blossom Corporation at December 31, 2017, follow: $37,500 18,750 Copyrights Less: Accumulated amortization Trademarks Goodwill $ 18,750 57,280 135,630 $211,660 Total A copyright (#1) was acquired on January 1, 2016, and has a useful life of four years. The trademarks were acquired on January 1, 2014, and are expected to have an indefinite life. The company has a December 31 year end and prepares adjusting journal entries...
Pls help me out :)
Problem 9-10A a-c (Part Level Submission) The intangible assets and goodwill reported by Pharoah Corporation at December 31, 2017, follow: Copyrights LEss: Accumulated amortizat ion $32,700 16,350 16,350 Trademarks 49.800 Goodwill 126,870 Total $193,020 A capyright (#1) was acquired on January 1, 2016, and has a uscful life of four years. The trademarks were acquired on January 1, 2014, and are expacted to have an indefinite life. The company has a Decoember 31 year end...
22) Plant assets are defined as: A) Held for sale. B) Tangible assets used in the operation of business that have a useful life of less than one accounting period. C) Current assets. D) Tangible assets that have a useful life of more than one accounting period and are used in the operation of a business. E) Intangible assets used in the operations of a business that have a useful life of more than one accounting period. 23) Salvage value...
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