Which of the following items is not considered an asset?
A) patents
B) research expenses of an R&D project
C) equipment under lease where the risks and rewards flows into the entity
D) research expenses of an R&D project and equipment under lease where the risks and rewards flows into the entity

Question

Quizplus · Accepted Answer

The Answer of Which of the following items is not considered an asset?
A) patents
B) research expenses of an R&D project
C) equipment under lease where the risks and rewards flows into the entity
D) research expenses of an R&D project and equipment under lease where the risks and rewards flows into the entity

Which of the Following Items Is Not Considered an Asset