Intellectual property and goodwill are considered liabilities in accounting
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Intellectual property (such as patents and business methods) and goodwill (which includes company reputation) are considered assets in accounting.
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If the parties agree on the amount of damages that will be paid to the injured party if the other party fails to perform, this amount is known as illusory damages.
Answer the following statement true (T) or false (F)
Explain the impact of the baby boomers, Generation Xers, Millennials, and Generation Zers on today's marketing strategies
What will be an ideal response?
Jackson Company had a net increase in cash from operating activities of $10,000 and a net decrease in cash from financing activities of $2,000. If the beginning and ending cash balances for the company were $4,000 and $11,000, what was the net cash change from investing activities?
A. An inflow or increase of $1,000 B. An outflow or decrease of $1,000 C. An inflow or increase of $2,000 D. Zero
Sustainability¾economic development that meets the needs of the present without compromising the ability of future generations to meet their needs¾is directly addressed by
A. no U.S. statute or other nation's law. B. U.S. federal environmental laws. C. other nations' laws but no U.S. statute. D. international law only.