When a new company is acquired, which of these intangible assets, unrecorded on the acquired company's books, might be recorded in addition to goodwill?
A) A trade name.
B) A patent.
C) A customer list.
D) All of the above.

Question

Quizplus · Accepted Answer

All of the above options (trade name, patent, and customer list) are intangible assets that may be recorded in addition to goodwill when a new company is acquired. A trade name refers to the name under which a business operates or a product is sold, while a patent provides exclusive rights to an invention. A customer list is a database of information about customers, including their contact information and purchase history, which may be valuable to the acquiring company. All of these assets can contribute to the value of the acquired company and may be recorded on the acquirer's balance sheet as individual intangible assets.

When a New Company Is Acquired, Which of These Intangible