Regarding trends in intangible asset reporting, which of the following statements is NOT true?
A) Intangible assets, along with goodwill, have been decreasing as a proportion of companies' reported assets.
B) The most common types of intangible assets reported are broadcast rights, publishing rights, trademarks, patents, licences, customer lists, non-competition agreements, franchises, and purchased R&D.
C) Intangibles are an important contributor to entity performance and financial position.
D) Intangible assets, along with goodwill, have been increasing as a proportion of companies' reported assets.

Question

Quizplus · Accepted Answer

Intangible assets, along with goodwill, have actually been increasing as a proportion of companies' reported assets, reflecting the growing importance of intellectual property and other non-physical assets in the modern economy.

Regarding Trends in Intangible Asset Reporting, Which of the Following