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5 Written questions

5 Matching questions

  1. trademark
  2. Franchise
  3. Intangible asset
  4. Copyright
  5. Goodwill
  1. a A contractual arrangement under which the franchisor grants the franshisee the right to sell certain products, provide specific services, or use certain trademarks or trade names, usually within a designated geographic area.
  2. b The value of all favorable attributes that relate to a business enterprise.
  3. c A word,phrase,jingle, or symbol that identifies a particular enterprise or product.
  4. d Rights, priviliages, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance
  5. e Exclusive grant from the federal government that allows the owner to reproduce and sell an artistic or published work

5 Multiple choice questions

  1. Depreciation method that applies a constant rate to the declining book value of the asset and produces a decreasing annual depreciation expense over the useful life of the asset
  2. Tangible resources that are used in the operations of the business and are not intended for sale to customers.
  3. Depreciation method in which periodic depreciation is the same for each year og the asset's useful life.
  4. Expenditures to maintain the operating efficiency and productive life of a unit.
  5. If an item would not make a difference in decision making, a company does not have to follow GAAP in reporting it.

5 True/False questions

  1. Revenue expendituresExpenditures that are immedietely charged against revenues as an expense.

          

  2. Capital expendituresExpenditures that are immedietely charged against revenues as an expense.

          

  3. Depreciable costThe cost of a plant asset minus salvage value

          

  4. AmortizationThe allocation of the cost of an intangible asset to expense over its useful life in a systematic and rational matter

          

  5. Units-of-activity methodDepreciation method in which periodic depreciation is the same for each year og the asset's useful life.

          

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