Costs incurred internally to create intangibles are
a. capitalized.
b. capitalized if they have an indefinite life.
c. expensed as incurred.
d. expensed only if they have a limited life.
Answer: c. expensed as incurred.
You might also like to view...
Claire’s boss attempts to influence her by providing relevant resources and assistance. Her boss is using which influence tactics?
A. collaboration B. legitimating tactics C. consultation D. rational persuasion
All of the members of the ladies' circle were horrified when each of them arrived at the parish hall with 20 gallons of potato salad. It was all quite delicious but wasn't the well-balanced spread they customarily set out
The potato salad disaster of '89 was passed from generation to generation along with a stern warning to: A) Make sure that every team member is motivated. B) Make sure that project goals are clear. C) Make sure that project team roles are clear. D) Make sure that turnover is low.
Employers who are covered under Age Discrimination in Employment Act should have labor unions operating a hiring hall or with:
a. twenty five or more members. b. ten to fifteen members. c. five to ten members. d. fifteen to twenty members.
Collector Carl displays his beer can collection at the local swap meet. Mary sees the collection and is interested in buying it. Carl says he will sell the collection for $1,500. Mary says she really likes the collection but is only willing to pay $1,000. Which of the following is correct?
A) Mary's counteroffer terminates Carl's offer of $1,500. B) If Carl rejects Mary's counteroffer, she can still accept Carl's offer of $1,500. C) Neither offer is valid. Who would ever pay $1,000 or $1,500 for a beer can collection? D) Mary's offer is an option contract and she cannot revoke the offer.