Costs incurred internally to create intangibles are
a. capitalized.
b. capitalized if they have an indefinite life.
c. expensed as incurred.
d. expensed only if they have a limited life.
Answer: c. expensed as incurred.
Business
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Which of the following formulae is used to calculate average total assets for the return on assets ratio?
A) Average total assets = (Beginning total assets + Ending total assets) x 2 B) Average total assets = (Beginning total assets - Ending total assets) x 2 C) Average total assets = (Beginning total assets - Ending total assets) / 2 D) Average total assets = (Beginning total assets + Ending total assets) / 2
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How do thought leaders benefit a firm? How does someone become a thought leader?
What will be an ideal response?
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