In accordance with the asset-measurement concept, intangible items such as goodwill, trademarks, and patents are not treated

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In accordance with the asset-measurement concept, intangible items such as goodwill, trademarks, and patents are not treated as assets unless [their fair value can be determined / they have been acquired at a measurable cost].

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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