According to IFRS, all of the following pieces of information about intangible assets mustbe disclosed in a company’s financial statements and footnotes except for:A. fair value.B. impairment loss.C. amortization rate.

For each account listed, identify the category in which it would appear on a classified balance sheet. Use the following categories: Current Assets; Long-term Investments; Property, Plant, and Equipment; Intangible Assets; Current Liabilities; Long-term Liabilities; and Owner's Equity. If the item does not belong on the classified balance sheet, put an X. Account a. Land (used n operations) b. Accumulated Depreciation-Equipment c. Reed, Capital d. Service Revenue e. Investment in Starbucks Corporation (to be held long-term) Accounts Receivable g. Equipment h. Buildings i. Notes Payable (due in 10 years) j. Unearned Revenue Cash 1. Accounts Payable m. Prepaid Rent n. Reed, Withdrawals o. Land (held for investment purposes) p. Depreciation Expense Category Current Assets Long-term Investments Property, Plant, and Equipment Intangible Assets Current Liabilities Long-term Liabilities Owner's Equity X W

Which of the following intangible assets should not be amortized? a. Copyrights b. Customer lists c. Perpetual franchises d. All of these intangible assets should be amortized.

What is the order in which assets are generally listed on a classified balance sheet? A) Current; property, plant, and equipment; intangible assets; long-term investments B) Current; long-term investments; property, plant, and equipment; intangible assets C) Current and long-term D) Current; property, plant, and equipment; long-term investments; intangible assets