What are 2 specific criteria essential to determine whether to recognize an intangible asset in a business combination?
- What are 2 specific criteria essential to determine whether to recognize an intangible asset in a business combination?
-
What are some reasons that a business combination take place?
-
Goodwill is often acquired as part of a business combination. Why, when separate incorporation is maintained, then goodwill does not appear on parent’s companytrial balance as a separate account?
“Since you have asked multiple question, we will solve the first question for you. If you
want any specific question to be solved then please specify the question number or post
only that question.”
Intangible asset:
An intangible asset is a non-physical asset with no intrinsic physical form but represents a valuable resource for a business or entity. Intangible assets are long-term assets that can contribute to the future revenue generation and value of a company. These assets lack a physical presence and are typically not financial instruments.
Step by step
Solved in 3 steps
