Question

art Times 05130 PM / for more than one year, but lack physical substance (ouch as a atent or coormantlare pd in the section of the telance Sheet a O Other Assets O Intangible Assets
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Option D is the answer

Assets which have cost and useful life of more than one year but lack physical substance are called intangible assets. Some of the examples are patents, copyrights ,know-how, literary works). As these are generally useful for long term, they are recorded under Long-term assets under the section Intangible assets.

Add a comment
Know the answer?
Add Answer to:
art Times 05130 PM / for more than one year, but lack physical substance (ouch as...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Choose all types of IMF that would be exhibited by the substance shown. (More than one...

    Choose all types of IMF that would be exhibited by the substance shown. (More than one answer may apply!) FOR ALL THESE DOWN BELOW. Question 9 2 pts Choose all types of IMF that would be exhibited by the substance shown. (More than one answer may apply!) CCI2F2 Hydrogen Bond lon-Dipole London Dispersion Forces (LDF) Dipole-Dipole Question 10 2 pts Choose all types of IMF that would be exhibited by the substance shown. (More than one answer may apply!) C3H7OH...

  • Answer the follow accounting questions:1. Expenditures that are recorded as expenses when incurred arecalled:...

    Answer the follow accounting questions:1. Expenditures that are recorded as expenses when incurred are called:a)Capital ExpendituresB) REvenue expendituresC)research and development costsD)intangible expensitures2)Expenditures for Plant Assets that will be used by a company for more than one year are termed:a)Capital ExpendituresB) REvenue expendituresC)research and development costsD)intangible expensitures3. Tangible property intended to b e used by a company for more than one year would be labeled asa)Capital ExpendituresB) REvenue expendituresC)research and development costsD)intangible expensitures4. To adjust the value of a planet asset,...

  • Two angles are complementary. The measure of one angle is 309 more than three times the...

    Two angles are complementary. The measure of one angle is 309 more than three times the measure of the other. Find the measure of each (smaller value) . (larger value) Need Help?

  • Two angles are complementary. The measure of one angle is 309 more than three times the...

    Two angles are complementary. The measure of one angle is 309 more than three times the measure of the other. Find the measure of each (smaller value) . (larger value) Need Help?

  • gy.com/assigny 2332078316/assessment Question 10 Short-term investments 0 а 0 b are investments in debt securities or...

    gy.com/assigny 2332078316/assessment Question 10 Short-term investments 0 а 0 b are investments in debt securities or equity securities in which the investor holds less than 50 percent of the voting stock and that the investor plans to sell in the very near future are debt and equity Securities that the investor expects to hold for more than a year are investments in debt and equity securities that are highly liquid and that the investor intends to convert to cash within...

  • NORTHEAST ART SUPPLY, INC. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,2017 CASH FLOW...

    NORTHEAST ART SUPPLY, INC. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,2017 CASH FLOW FROM OPERATING ACTIVITIES: $30,175 Net Income Adjustments to reconcile net income to net cash flows S 8,500 Decrease in accounts receivable Increase in inventory Increase in accounts payable Increase in income taxes payable 1,000 (5,000) 6,000 3.000 13.500 $43,675 Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of Equipment Purchase of Investments Sale of Investments $ (2,000) (10,000) 20,000 Net...

  • The company made 10% more profit in Year 2 than Year 1 - $15.4 versus 14.0,...

    The company made 10% more profit in Year 2 than Year 1 - $15.4 versus 14.0, which increased shareholders’ equity from $36.0 to $51.4. But total cash went from $1.0 to $12.9.   Why did cash go up faster than sales? Why didn’t cash increase by the amount of profits? Assumed Growth Rate 10.0% Income Statement Year 1 Year 2 Sales $100.0 $110.0 Cost of Goods Sold $60.0 $66.0 Gross Margin $40.0 $44.0 Selling, General and Administrative $20.0 $22.0 Operating Profits...

  • there is more than one question and more than one part, and i put pictures of the data in there too there...

    there is more than one question and more than one part, and i put pictures of the data in there too there is more than part and more than one picture con Experiment 5 Data and Report Name: Charene Lab Section (Day): Wednesday Partner: Troter A. Electrolytes and Nonelectrolytes 1. Classify the substances and solutions as nonelectrolytes (lowest values), weak electrolytes middle values), or strong electrolytes highest values Important: Make sure conductivity meter is set to appropriate sensitivity range. Strong...

  • Submit a paper which is 2-3 pages in length (no more than 3-pages), exclusive of the...

    Submit a paper which is 2-3 pages in length (no more than 3-pages), exclusive of the reference page. Your paper should be double spaced in Times New Roman (or its equivalent) font, which is no greater than 12 points in size. Cite at least three sources in APA format. In this paper, in addition to presenting the computed answers, please also discuss how you arrived at each answer the accounting problem asks. The accounting problem presents a company’s balance sheet,...

  • Choose one: Periodic Inventory Accounting is less expensive to maintain than Perpetual Inventory Accounting Periodic Inventory Accounting is more expensive to maintain than Perpetual Inventory Accou...

    Choose one: Periodic Inventory Accounting is less expensive to maintain than Perpetual Inventory Accounting Periodic Inventory Accounting is more expensive to maintain than Perpetual Inventory Accounting There is no difference between the expense of using Periodic Inventory Accounting versus Perpetual Inventory Accounting ABC's beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6 times. Cost of goods sold for the year must equal: A) $6,000.                        B) $12,000.                      C) $18,000.                      D) $9,000. In January, 2018, ABC....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT