The following is a list of items that could be included in the intangible assets section of the statement of financial position:

(a)

Indicate which items on the list would be reported as intangible assets on the statement of financial position.

1.An investment in a subsidiary companyselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

2.Timberlandselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

3.The cost of an engineering activity needed to advance a product's design to the manufacturing stage

select an option

Reported as Intangible Assets

Not Reported as Intangible Assets

4.A lease prepayment (six months of rent paid in advance)select an option

Reported as Intangible Assets

Not Reported as Intangible Assets

5.The cost of equipment obtained under a capital leaseselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

6.The cost of searching for applications for new research findingsselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

7.Costs incurred in forming a corporationselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

8.Operating losses incurred in the start-up of a businessselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

9.Training costs incurred in the start-up of a new operationselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

10.The purchase cost of a franchiseselect an option

Not Reported as Intangible Assets

Reported as Intangible Assets

11.Goodwill generated internallyselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

12.The cost of testing in the search for product alternativesselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

13.Goodwill acquired in the purchase of a businessselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

14.The cost of developing a patentselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

15.The cost of purchasing a patent from an inventorselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

16.Legal costs incurred in securing a patentselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

17.Unrecovered costs of a successful legal suit to protect a patent

select an option

Reported as Intangible Assets

Not Reported as Intangible Assets

18.The cost of conceptual formulation of possible product alternativesselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

19.The cost of purchasing a copyrightselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

20.Product development costs (All six development phase criteria are met.)

select an option

Reported as Intangible Assets

Not Reported as Intangible Assets

21.Long-term receivablesselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

22.The cost of developing a trademarkselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

23.The cost of purchasing a trademarkselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

24.The cost of an annual update of payroll software

select an option

Reported as Intangible Assets

Not Reported as Intangible Assets

25.A five-year advertising contract for rights of advertising by a top hockey player in Canadaselect an option

Reported as Intangible Assets

Not Reported as Intangible Assets

26.Borrowing costs specifically identifiable with an internally developed intangible asset.