tracstxstateedu 20 Points Question 29 of 30 Which of the fol

tracs.txstate.edu 2.0 Points Question 29 of 30 Which of the folowing is not an Intangible asset that is reported on the balance shoet? ?A.Patents ?B. Trademarks. C. Employeen. O D. Copyrights Revet Selection Mark for Review What\'s This? Question 30 of 30 2.0 Points Pick the TRUE statement Gross prom s re most important measure for company vaation B. Net income is the most likely level of income to be obtained in the future (.) ?. Sstarable income is the most lkety level of income to be obtained in the future O D. Sustainable income is the same as net income. Reset Selection Mark for Review What\'s This? ave Submit for Grading MacBook Air ?»

Solution

29)

intangible assets are those which cannot seen or touch but they help to generate regular cash flows to the business. Example : Trademarks,copyrights, patents, etc these assets are generally not shown in the balance sheet if they are self generated.

As per the generally accepted accounting principles human resources are not considered as intangible assets.

Hence option C is correct.

30) net income is calculated after all adjustments related to incomes, expenses, &loss.

Where as sustainable income excludes irregular incomes and expense adjustments.

Hence from the above discussion option C is correct