Which of the following intangible assets should not be amortized?
a. Copyrights
b. Customer lists
c. Perpetual franchises
d. All of these intangible assets should be amortized.
Ans: c. Perpetual franchises
You might also like to view...
Under the perpetual inventory system, the journal entries to record sales returns (the original sale was on account) would be:
A) Accounts Payable XX Merchandise Inventory XX Merchandise Inventory XX Cost of Goods Sold XX B) Cost of Goods Sold XX Merchandise Inventory XX Merchandise Inventory XX Accounts Payable XX C) Accounts Receivable XX Sales XX Sales XX Cost of Goods Sold XX D) Sales Returns and Allowances XX Accounts Receivable XX Merchandise Inventory XX Cost of Goods Sold XX
Punishment decreases undesired behaviors but extinction increases undesired behaviors.
a. true b. false