Which of the following is not an intangible asset?
a) trademarks
b) patents
c)copyrights
d)land
Answer: D
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Accounting 200
- Which of the following would be depleted?
- Which of the following is not included in the land account value of an acquired piece of land?
- Factors that affect the market price of bonds include all of the following except:
- Which of the following may be a contingent liability?
- Who determines the price at which bonds will sell?
- Which of the following is not true of contingent liabilities?
- GAAP requires that intangible assets be amortized over a period not to exceed how many years?
- What is the fair market value of an item?
- What is the consistency principle?
- Which inventory system lets a company know exactly how much of a product is in inventory at any point in time?
- Why does a company reconcile its bank statement?
- Which of the following is not considered a type of long-lived asset?
- The costing method that deals with inventory items that may be identified individually is:
- Internal controls included all of the following except:
- Under the direct write-off method of accounting for uncollectible accounts (bad debts), when a specific account is written off:
- The small amount of cash held on hand to pay minor expenses is known as:
- Factoring is:
- Which if the following would not cause an adjustment to gross inventory after a purchase occurs?
- Why would a company want to estimate its inventory ?
- Which of the following would NOT be considered an intangible asset:
- Which of the following would be amortized?
- What is the IRS rule of the LIFO conformity?
- Which of the following is not considered a type of long-lived asset?
- Which of the following would be amortized?
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