Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 5 - Balance Sheet and Statement of Cash Flows - Questions - Page 279: 15f

Answer

Copyrights should be recorded under the intangible assets section, and the terminology used should be “Copyrights.”

Work Step by Step

The term Copyright refers to a legal element that protects intellectual property from being illegally duplicated.
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