Regarding trends in intangible asset reporting, which of the following statements is NOT true?
A)Intangible assets, along with goodwill, have been decreasing as a proportion of companies' reported assets.
B)The most common types of intangible assets reported are broadcast rights, publishing rights, trademarks, patents, licences, customer lists, non-competition agreement, franchises and purchased R&D.
C)Intangibles are an important contributor to entity performance and financial position.
D)Intangible assets, along with goodwill, have been increasing as a proportion of companies' reported assets.

Question

Quizplus · Accepted Answer

Intangible assets, along with goodwill, have been increasing, not decreasing, as a proportion of companies' reported assets due to the growing importance of technology and intellectual property in modern businesses.

Regarding Trends in Intangible Asset Reporting, Which of the Following