are income generated by the business from the course 1 point of ordinary activities, which are the trading or normal operating activities Revenues Intangible assets Current assets Expenses 1 point are used to run the business without intention to resell. These assets have useful life for more than one year. Assets Intangible assets Current assets O Non-current assets Which of the following statement meets the definition of assets? * 1 point Obligations of an entity to other entities claim to the business assets owed by a business to outside parties. Income generated by the business from the course of ordinary activities, which are the trading or normal operating activities Economic resources used to run the business without intention to resell, in which, the future economic benefits are expected to flow into the business. Costs incurred when it decreases the economic benefits in the form of outflow or depletion in value. 1 point It is a unique word, logo, picture, name, letter, number or a combination representing a product as a marketing tool that helps customers distinguish one product from another. Governed since 1976 (Act 175), it gives exclusive rights to the owners to use them for their own trading and avoid others from using them without the owner's consent. The above statement is referring to * Trademark Patents Goodwill Copyright