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In light of your study of the main conditions mentioned in the definition, mention why are or are the following items not considered assets? T. . Deferred income taxes, Signing a construction contract witha value of $ 0 0,0 0 1,0 $, the cost of a previous service, training of employees, the trade name developed internally

In light of your study of the main conditions mentioned in the definition, mention why are or are the following items not considered assets? T. . Deferred income taxes, Signing a construction contract witha value of $ 0 0,0 0 1,0 $, the cost of a previous service, training of employees, the trade name developed internally

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In light of your study of the main conditions mentioned in the definition, mention why are or are the following items not considered assets? T. . Deferred income taxes, Signing a construction contract witha value of $ 0 0,0 0 1,0 $, the cost of a previous service, training of employees, the trade name developed internally
Transcribed Image Text:In light of your study of the main conditions mentioned in the definition, mention why are or are the following items not considered assets? T. . Deferred income taxes, Signing a construction contract witha value of $ 0 0,0 0 1,0 $, the cost of a previous service, training of employees, the trade name developed internally
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