To be recognized in its accounts, Company Z intangible assets must have satisfied which of the following

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To be recognized in its accounts, Company Z intangible assets must have satisfied which of the following criteria? Choose:

a. It’s probable that the asset’s future economic benefits will flow to, or from, Company Z

b. Company Z’s assets must have a definite, limited lifespan

c. Company Z’s asset must have an indefinite lifespan

d. Company Z’s asset must lack physical substance

Related Book For answer-question

Intermediate Accounting

ISBN: 978-1133957911

19th edition

Authors: Earl K. Stice, James D. Stice

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Posted Date: Sep 06, 2022 04:08 AM

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To be recognized in its accounts, Company Z intangible assets must have satisfied which of the following

Question:

Expert Answer:

Option d is correct The asset should lack physical substance ... View the full answer

Intermediate Accounting

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