Answered: Intangible assets are certain…

Intangible assets are certain nonphysical assets used in operations that confer on their owners' long-term righ privileges or competitive advantage. O True O False

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Risk Management Techniques

Risk management is the procedure of recognizing, analyzing, monitoring, and preventing the risks and threatening factors of investments and business. Risks can arise from various factors including internal controls, market changes, natural disasters, and failure in productions. Risk management techniques enable entities to control and minimize the risks as well as the threatening factors of the business and it also helps to improve the business.

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Intangible assets are certain nonphysical assets used in operations that confer on their owners' long-term righ
privileges or competitive advantage.
O True
O False

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