Are all intangibles reported in a single line on the balance sheet? Explain. .... OA. Yes. Under U.S. GAAP, companies must report material assets in a single line on the balance sheet. Companies must provide significant disclosures on intangibles assets in the financial statement footnotes. B. Yes. Under U.S. GAAP, companies must report material assets in a single line on the balance sheet. Companies must provide significant disclosures on intangibles assets in the financial statement footnotes. No further disclosures are required in the financial statement footnotes. Goodwill should be reported on the balance sheet on a separate line from the other intangible assets. O C. There is no requirement that all intangibles be reported on a single line under U.S. GAAP. However, under U.S. GAAP, companies will typically report material assets on a separate line on the balance sheet for investors. Goodwill must always be reported on the balance sheet on a separate line from the other intangible assets so disclosure in