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Patents and copyrights are examples of intangible assets. (Points : 2) True False
Patents and copyrights are examples of intangible assets. TRUE.
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Expert answered|rollucid00|Points 20|
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Asked 1/5/2013 10:33:47 PM
Updated 2/24/2016 3:15:53 AM
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This answer has been confirmed as correct and helpful.
Edited by jeifunk [2/24/2016 3:15:52 AM], Confirmed by jeifunk [2/24/2016 3:15:53 AM]
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A statement of cash flows summarizes a company's cash receipts and cash payments over a period of time. True False
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Updated 3/25/2017 12:57:51 PM
1 Answer/Comment
Accounting is an easy subject for people to understand because almost everyone is exposed to basic accounting concepts in their everyday life. FALSE.
Added 3/25/2017 12:57:50 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/25/2017 1:08:01 PM]
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Updated 9/2/2016 10:44:54 AM
1 Answer/Comment
Liquidity refers to how quickly an asset can be converted into cash.
Added 9/2/2016 10:44:54 AM
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Confirmed by jeifunk [9/2/2016 10:45:41 AM]
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