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Which would qualify as an intangible asset

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Reference no: EM132765937

Problem 1: Which of the following would qualify as an intangible asset?

a) Advertising and promotion on the launch of a huge product

b) College tuition fees paid to employees who decide to enroll in an executive MBA program

c) Operating losses during the initial stages of the project

d) Legal costs paid to intellectual property lawyers to register a patent

Problem 2: When bonds are issued with detachable warrants, the amount to be recorded as share premium is preferably

a) Zero

b) Calculated as the excess of the proceeds over the face value of the bond.

c) Equal to the market value of the warrants.

d) Calculated as the excess of the proceeds over the fair value of the bond.

Reference no: EM132765937

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