a. should be reported under the heading property, plant, and equipment.
Intangible assets
a. should be reported under the heading property, plant, and equipment.
b. are not reported on the balance sheet because they lack physical substance.
c. should be reported as current assets on the balance sheet.
d. should be reported as a separate classification on the balance sheet.
Answers: 2
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Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a
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Intangible assets
a. should be reported under the heading property, plant, and equipment.
a. should be reported under the heading property, plant, and equipment.
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