Which is not within the definition of an intangible asset? A resource from which future economic benefits are expected to flow to the enterprise Identifiable nonmonetary asset without physical substance A resource controlled by an enterprise as a result of past events Held for use in the production or supply of goods or services, for rental to others, or for administrative purposes.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter12: Auditing Long-lived Assets And Merger And Acquisition Activity
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Which is not within the definition of an intangible asset?
A resource from which future economic benefits are expected to flow to the enterprise
Identifiable nonmonetary asset without physical substance
A resource controlled by an enterprise as a result of past events
Held for use in the production or supply of goods or services, for rental to others, or for administrative purposes.
Transcribed Image Text:Which is not within the definition of an intangible asset? A resource from which future economic benefits are expected to flow to the enterprise Identifiable nonmonetary asset without physical substance A resource controlled by an enterprise as a result of past events Held for use in the production or supply of goods or services, for rental to others, or for administrative purposes.
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