For each of the statements below, state the types of intangible assets that best suit them. (i) A sign which distinguishes the goods and services of one entity from those of another. (ii) A form of protection provided by the law to authors of original creative works, including literary works, musical works, artistic works, films, sound recordings, and broadcasts. (iii) The application of research findings or other knowledge to a plan or design for the production of new or substantially improved materials, devices, products, processes, systems or services before the start of commercial production or use. (iv) A method of marketing and distributing products and services based on a two-party contract. (v) An exclusive right granted for an invention, which is a product or a process that provides a new way of doing something or offers a new technical solution to a problem. (vi) A license is required in order to use properties or rights owned by other entities, such as broadcasting licenses for radio and TV stations, licenses for insurers, and landing rights for airline operators.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter12: Auditing Long-lived Assets And Merger And Acquisition Activity
Section: Chapter Questions
Problem 15CYBK
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For each of the statements below, state the types of intangible assets that best suit them.

(i) A sign which distinguishes the goods and services of one entity from those of another.
(ii) A form of protection provided by the law to authors of original creative works, including literary works, musical works, artistic works, films, sound recordings, and broadcasts.
(iii) The application of research findings or other knowledge to a plan or design for the production of new or substantially improved materials, devices, products, processes, systems or services before the start of commercial production or use.
(iv) A method of marketing and distributing products and services based on a two-party contract.
(v) An exclusive right granted for an invention, which is a product or a process that provides a new way of doing something or offers a new technical solution to a problem.
(vi) A license is required in order to use properties or rights owned by other entities, such as broadcasting licenses for radio and TV stations, licenses for insurers, and landing rights for airline operators.

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