Which of the following is an intangible asset

Assignment Help Accounting Basics

Reference no: EM131373873

Multiple Choice

1. Which of the following is an intangible asset?
a. copyrights
b. patents
c. trademarks
d. all of the above

2. If an owner invests her laptop computer and printer in the business, there is an increase to
a. Cash and Capital.
b. Cash and Withdrawals.
c. Computer Equipment and Capital.
d. Computer Equipment and Cash.
e. Computer Equipment and Withdrawals.

3. Which of the following is correct?

Assets	Liabilities	Capital
a. P7,850	P1,250	P6,600
b. P8,200	P2,800	P11,000
c. P9,550	P1,150	P8,200
d. P5,420	P61540	P1,120

4. Which of the following equations is correct?

a. Assets + Capital = Liabilities
b. Liabilities - Capital = Assets
c. Capital = Assets + Liabilities
d. Capital = Assets - Liabilities

5. The following can be found in an income statement except
a. assets.
b. expenses.
c. income.
d. profit or loss.

Reference no: EM131373873

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