Match these terms with their correct definition.
-Include costs such as legal fees, stock issue costs, accounting and promotional fees
A)Franchise
B)Intangible operating assets
C)Natural resources
D)Operating assets
E)Organizational costs
F)Property, plant, and equipment
G)Trademark
H)Voluntary disposal

Question

Quizplus · Accepted Answer

Organizational costs refer to expenses incurred during the formation of a corporation or partnership. These costs include legal fees, promotion cost, and other costs associated with organizing and incorporating a new entity.

Answer: G
 A trademark is a unique symbol, name, or design that identifies and distinguishes a product or service from those offered by competitors.

Answer: F
 Property, plant, and equipment represent the long-term tangible assets of a company. These assets are used to generate revenue and are depreciated over their useful lives.

Note: The other choices do not match the given definition.

Match These Terms with Their Correct Definition