Why does the accounting profession make a distinction between internally created intangibles and purchased intangibles?
Question:
Why does the accounting profession make a distinction between internally created intangibles and purchased intangibles?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
When intangibles are created internally it is often difficult to determine the validity of any fu...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
Make a distinction between (a) Activity and activity coefficient. (b) Thermodynamic and concentration equilibrium constants.
-
Why does the accounting profession require the use of the allowance method of accounting for losses due to bad debts rather than the direct write-off method?
-
Do households make a distinction between spending for current expenses and capital expenses? Compare borrowing $5,000 for a vacation to Hawaii to borrowing $125,000 to buy a condominium and moving...
-
The net income for Rips Curling Corp. for the year ended December 31, 2021, was $700,000. Rip had 50,000 ordinary shares outstanding at the beginning of the year. Rip declared and distributed a...
-
Poseidon Electronics operates 10 stores in Washington, Oregon, and California, selling consumer electronics including stereo equipment and home theater systems. The following financial information is...
-
The law has traditionally greatly limited the third party rights in contracts. Why do you think this is the case?
-
How do CRM and the use of databases in selling enhance closing and follow-up?
-
Consumers and attorney generals in more than 40 states accused a prominent nationwide chain of auto repair shops of misleading customers and selling them unnecessary parts and services, from brake...
-
Find the vertex, axis of symmetry, x and y-intercepts, and sketch the parabola. 5). 3x=y2 (Solve for x.) Opens left or right? axis of symmetry:. vertex: x-intercept: y-intercepts:
-
Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020. Gale Company employs a perpetual inventory system. Required 1. Calculate the dollar value of...
-
Intangibles have either a limited useful life or an indefinite useful life. How should these two different types of intangibles be amortized?
-
In 2010 Ghostbusters Corp. spent $420,000 for goodwill visits by sales personnel to key customers. The purpose of these visits was to build a solid, friendly relationship for the future and to gain...
-
Set up, but do not evaluate, an integral for the volume of the solid obtained by rotating the region bounded by the given curves about the specified line. y = sin x, y = 0, 0 x ; about y = 2
-
1) What implications can it have for an educational leader not complying with ethical standards? 2) Can leadership be affected if the leader is unethical? Why? Explain. 3) What do you understand is...
-
1. What has been today's trend in venue development 2. What are two of the nine core functions of a venue operations. 3. What are the difference between Authorities, Commissions, and Nonprofit...
-
Please explain and compare and contrast manufacturing and services based on the following factors. Also provide similarities and differences of them. Please provide with some examples. Aggregate...
-
1. Why did Amazon initially consider international expansion? 2. What strategies did Amazon use in the United Kingdom? Discuss whether they made sense and contributed to the company's success in the...
-
1. What interpersonal skills do you currently have that will allow you to be successful in your new position? 2. What general questions about handling customers do you have for your supervisor? 3. If...
-
A researcher was interested in how a movies box office revenue is affected by the audience suitability rating assigned by the Motion Picture Association of America (MPAA) and the quality of the film...
-
Outline some of the major problems confronting an international advertiser.
-
In Program 13-2, presented earlier in this chapter, what is the base case of the message module? 123 4 5 6 7 Module main () // By passing the argument 5 to the message module, // we are telling it to...
-
When is a debt investment considered impaired? Explain how to account for the impairment of a held-for-collection debt investment.
-
When is a debt investment considered impaired? Explain how to account for the impairment of a held-for-collection debt investment.
-
Briefly describe the unresolved issues related to fair value accounting.
-
In the Heckscher-Ohlin model, as trade occurs in a capital-abundant country, increased imports will force domestic import- competing firms to decrease prices and production. Labor and capital will...
-
Why has Gatorade been so successful in the sports drink market?
-
Mohali Foods has estimated that fixed costs per month are Rs . 1 1 4 , 8 4 0 and variable costs per unit of sales is 4 2 % . For the month the business anticipates sales of Rs . 3 0 0 , 0 0 0 . What...
Study smarter with the SolutionInn App