Which of the following can be recorded as intangible assets? (i) Staff training costs which has resulted in employees acquiring technical knowledge that is valuable to the company. (ii) Brand and customers lists generated by the marketing staff which have resulted in an increase in market share of the company. Question 6 options: 1) Item (i) only. 2) Item (ii) only. Item (i) also cannot be recorded as intangible asset. Staff training costs cannot be recorded as intangible assets because the Company cannot control the economic benefits that are related to the employees' technical knowledge. e.g. employees may resign from the Company. 3) Both items. 4) None of the items.
Which of the following can be recorded as intangible assets? (i) Staff training costs which has resulted in employees acquiring technical knowledge that is valuable to the company. (ii) Brand and customers lists generated by the marketing staff which have resulted in an increase in market share of the company. Question 6 options: 1) Item (i) only. 2) Item (ii) only. Item (i) also cannot be recorded as intangible asset. Staff training costs cannot be recorded as intangible assets because the Company cannot control the economic benefits that are related to the employees' technical knowledge. e.g. employees may resign from the Company. 3) Both items. 4) None of the items.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Which of the following can be recorded as intangible assets?
(i) Staff training costs which has resulted in employees acquiring technical knowledge that is valuable to the company.
(ii) Brand and customers lists generated by the marketing staff which have resulted in an increase in market share of the company.
(i) Staff training costs which has resulted in employees acquiring technical knowledge that is valuable to the company.
(ii) Brand and customers lists generated by the marketing staff which have resulted in an increase in market share of the company.
Question 6 options:
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