Order backlogs are an example of which general category of intangible asset that should be recognized separately according to current generally accepted accounting principles?
A) Marketing-related
B) Customer-related
C) Artistic-related
D) Contract-based

Question

Quizplus · Accepted Answer

Order backlogs represent a customer-related intangible asset, as they represent the value of future sales to existing customers. According to current generally accepted accounting principles, customer-related intangible assets should be recognized separately.

Order Backlogs Are an Example of Which General Category of Intangible