All indications are that the value-added tax will soon be the dominant form of taxation in the U.S

You have a friend who has asked for your advice about how to start a small bookkeeping business for the first time. What professional resources would you recommend to help your friend, and why?

What will be an ideal response?

When an intangible asset is amortized:

A) stockholders' equity decreases. B) net income decreases. C) net assets decrease. D) all of the above are correct.