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Which statements is false regarding the control of entity

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problem 1: You are auditing the intangible assets of XYZ co. Which of the following statements is false regarding the control of the entity to its intangible assets?

A. Market share and customer loyalty can normally be recognized as intangible asset because an entity can control the action of customers
B. The capacity of the entity to control the economic benefits from an intangible asset would normally stem from legal rights that are enforceable in a court of law
C. All of the choices are false
D. All of the choices are true
E. The skill of employees arising out of the benefits of training costs cannot be recognized as intangible asset

Reference no: EM132805935

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