How long can an accountant present a trademark as an intangible asset on the balance sheet? Five years For the lifetime of the business. Trademarks are renewable every ten years. Twenty years How should R & D be reported on the balance sheet? It depends on the business and its operations. It must be presented as an expense. It must be presented as an asset. It must be presented as a liability. please explain the coreect answer
How long can an accountant present a trademark as an intangible asset on the balance sheet? Five years For the lifetime of the business. Trademarks are renewable every ten years. Twenty years How should R & D be reported on the balance sheet? It depends on the business and its operations. It must be presented as an expense. It must be presented as an asset. It must be presented as a liability. please explain the coreect answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
How long can an accountant present a trademark as an intangible asset on the balance sheet ?
Five years
For the lifetime of the business.
For the lifetime of the business.
Trademarks are renewable every ten years.
Twenty years
How should R & D be reported on the balance sheet?
It depends on the business and its operations.
It must be presented as an expense.
It must be presented as an asset.
It must be presented as a liability.
please explain the coreect answer
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