Examen
Intermediate Accounting
- Grado
- Institución
- Book
Intermediate Accounting
[Mostrar más]Vista previa 2 fuera de 14 páginas
Vista previa 2 fuera de 14 páginas
Añadir al carrito
Añadir al carrito
Libro relacionado
Título del libro:
Autor(es):
- Edición:
- ISBN:
- Edición:
Más resúmenes para
-
BUS 475 EXAM 1 LATEST ACTUAL EXAM
-
Intermediate Accounting
-
Intermediate Accounting
Vendedor
Seguir
kushboopatel6867
Vista previa del contenido
TEST BANK and SOLUTION MANUAL for IntermediateAccounting, 3rd Edition by Gordon, Raedy & Sannella
Which of the following does not describe intangible assets?
They lack physical existence.
They are financial instruments.
They provide long-term benefits.
They are classified as long-term assets. - ANSWER: They are financial instruments.
Which of the following characteristics do intangible assets possess?
Physical existence.
Claim to a specific amount of cash in the future.
Long-lived.
Held for resale. - ANSWER: Long-lived.
Which characteristic is not possessed by intangible assets?
Physical existence.
Short-lived.
Result in future benefits.
Expensed over current and/or future years. - ANSWER: Physical existence.
Costs incurred internally to create intangibles are
capitalized.
capitalized if they have an indefinite life.
expensed as incurred.
, expensed only if they have a limited life. - ANSWER: expensed as incurred.
Which of the following costs incurred internally to create an intangible asset is
generally expensed?
Research and development costs.
Filing costs.
Legal costs.
All of the above. - ANSWER: Research and development costs.
Which of the following methods of amortization is normally used for intangible
assets?
Sum-of-the-years'-digits
Straight-line
Units of production
Double-declining-balance - ANSWER: Straight-line
The cost of an intangible asset includes all of the following except
purchase price.
legal fees.
other incidental expenses.
all of these are included. - ANSWER: all of these are included.
Factors considered in determining an intangible asset's useful life include all of the
following except
the expected use of the asset.
any legal or contractual provisions that may limit the useful life.
any provisions for renewal or extension of the asset's legal life.
the amortization method used. - ANSWER: the amortization method used.
Under current accounting practice, intangible assets are classified as
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller kushboopatel6867. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now