Current accounting standards indicate that the costs of intangible assets with an indefinite life, such as goodwill, should
a. not be amortized.
b. be reported on the statement of retained earnings in the year in which acquired.
c. be amortized over a reasonable period of time not to exceed 40 years.
d. increase an expense account entirely in the year in which acquired.
a
You might also like to view...
If a company is expected to survive, it is considered a going concern
Indicate whether the statement is true or false
The Framers of our Constitution, a true cross section of the population at the time, created the Constitution by amending the Articles of Confederation, which had been the governing document of the colonists
a. True b. False Indicate whether the statement is true or false
An undisclosed principal may result in which of the following?
a. Liability of the agent for any contract made on behalf of such a principal. b. The agent's being declared incompetent by a court of law. c. A declaration order by the court for the principal to show a guarantee. d. All of these.
In communication, the ________ network is the most effective for teams handling complex tasks.
A. circle B. wheel C. Y and wheel D. all-channel E. Y