Why is analysis of intangible assets more challenging than the analysis of tangible long-lived assets?
a. Except for software development costs under U.S. GAAP and development costs under IFRS, firms generally do not recognize internally developed intangibles as assets on the balance sheet.
b. U.S. GAAP and IFRS require firms to measure the fair values of identifiable intangibles acquired in a business combination and assess whether they have finite lives or indefinite lives.
c. Differences between U.S. GAAP and IFRS in the treatment of development costs mean that comparisons of firms that apply U.S. GAAP with firms that apply IFRS require consideration of and adjustment for those differences.
d. all of the above
e. none of the above
D
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Under the cost method of accounting for treasury stock transactions, when the proceeds from a sale are greater than the cost, the excess over cost is treated as a(n)
A) increase in Other Expenses from Treasury Stock Sales. B) increase in Additional Paid-in Capital from Treasury Stock. C) increase in a contra-shareholders' equity account. D) None of these choices.
For the return on assets pricing method, desired earnings are computed by dividing asset costs by projected units to be produced and then multiplying by the desired rate of return on assets
Indicate whether the statement is true or false
A stock dividend, declared by a corporation's directors, is a distribution of additional shares of the corporation's own stock to its stockholders without any payment in return.
Answer the following statement true (T) or false (F)
The ability to effectively manage budgets, tasks and schedules, provide support, and allocate rewards and punishment, is typical of what type of leader?
a. Transformational b. Transactional c. Charismatic d. Postmodern