Which of the following would not be capitalized as an identifiable intangible asset by an investor company when an entire company is acquired?
A) Trademarks
B) Customer relationships
C) Patents
D) Currency translation adjustments

Question

Quizplus · Accepted Answer

Intangible assets is a term applied to a group of long-term assets, including patents, copyrights, franchises, trademarks, and goodwill, that benefit an entity but do not have a physical substance. Currency translation adjustments are a component of comprehensive income.

Which of the Following Would Not Be Capitalized as an Identifiable