Indicate which of the following statements is true.

(a) Since intangible assets lack physical substance, they need be disclosed only in the notes to the financial statements.

(b) Goodwill should be reported as a contra-account in the stockholders’ equity section.

(c) Totals of major classes of assets can be shown in the balance sheet, with asset details disclosed in the notes to the financial statements.

(d) Intangible assets are typically combined with plant assets and natural resources and shown in the property, plant, and equipment section.